Tata Mutual Fund FMP NFO closing date has been extended. The fund house has prolonged the NFO subscription period of Tata Fixed Maturity Plan Series 55 Scheme J (91 Days) up to September 17, 2018.
The NFO period of the Tata FMP Series 55 Scheme J started from September 04, 2018. The closing date of the NFO period of the scheme which was initially announced to be September 10, 2018, has now been extended to September 17.
The investment objective of the close-ended debt scheme is to produce income and/ or capital appreciation by making investments in fixed income securities with a maturity period in line with the maturity of the plan.
However, the fund house does not guarantee or assure the accomplishment of the investment objective, as well as does not guarantee or assure any returns.
Tata Mutual Fund FMP NFO scheme is a perfect fit for investors who are looking for fixed income/ capital appreciation on maturity through investments in debt and money market securities.
The maturity period of the scheme is 91 days from the date of allocation. The maturity of all investments under the scheme will be equal to or less than the maturity period of the plan.
The minimum application amount of the close-ended debt scheme of the Tata AMC is 5,000 Rupees for the first investment and in multiples of one Rupee thereafter.
The Tata Fixed Maturity Plan Series 55 Scheme J offers both Regular and Direct Plans with Dividend Payout Option and Growth Option.
The Tata Asset Management Company has assigned Mr. Akhil Mittal as the fund manager of the Fixed Maturity Plan. The close-ended debt scheme is benchmarked against the Crisil Liquid Fund Index, reported Advisorkhoj.
The fund house announced the extension of the Tata Mutual Fund FMP NFO subscription period on September 05, 2018, according to KJMC. The NFO will now be open for subscription until September 17.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]