fund

Tata Mutual Fund launches banking and PSU debt fund


Tata Mutual Fund has launched the Tata Banking and PSU Debt fund, an open-ended debt scheme which will predominantly invest in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. The scheme will be open for subscription till October 3.

According to a press release,there is no entry and exit load in the scheme. The fund will be managed by Amit Somani, Senior Fund Manager – Fixed Income at Tata Mutual Fund.

“In the current market scenario, investors may wish to have an extended allocation to safer fixed income portfolio. Tata Banking and PSU debt fund will be less actively traded portfolio of high quality and liquid bonds. Our aim is to optimize returns while remaining focused on safety and liquidity. This portfolio is suitable for regular savings in a debt fund for an investment horizon of more than 2 years,”Amit Somani, Senior Fund Manager, Tata Mutual Fund, said.

The minimum amount of investment is Rs 5,000. According to the fund house, the investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.