| Tata Mutual Fund | |
| Scheme Name | Tata Floating Rate Fund |
| Objective of Scheme | The objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved. The scheme doesn‘t assure or guarantee any returns. |
| Scheme Type | Open Ended |
| Scheme Category | Debt Scheme – Floater Fund |
| New Fund Launch Date | 21-Jun-2021 |
| New Fund Offer Closure Date | 05-Jul-2021 |
| Indicate Load Separately | Entry Load (During NFO): N.A. Exit Load: NIL |
| Minimum Subscription Amount | Rs.5,000/- and in multiple of Re.1/- thereafter. |
| For Further Details Please Visit Website | www.tatamutualfund.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Floater Funds: invest at least 65% of their money in floating-rate bonds. The interest these bonds pay change as the interest rates in the economy change.
Mutual Funds Based on Structure
Open-ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically, these funds will allow investors to keep investing as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.
