March 5, 2024
mayank
Tata Fixed Maturity Plan Series 61 Scheme A details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Tata Fixed Maturity Plan Series 61 Scheme A Open Date, Close Date?
NFO opens on March 06, 2024
NFO will close on March 11, 2024
What is the Investment Strategy?
The scheme aims to generate income and/or capital appreciation by investing in fixed income instruments having maturity in line with the maturity of the scheme.
Basic Details
| Fund House | Tata Mutual Fund |
| Issue Open | 06 March 2024 |
| Issue Close | 11 March 2024 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 91 |
| Riskometer | Low to Moderate |
| Benchmark | CRISIL Liquid Debt A-I Index |
What is the Benchmark Index of Tata Fixed Maturity Series 61 Scheme A?
Tata Fixed Maturity Plan Series 61 Scheme A and Scheme B (Tenure upto 371 days)
Scheme Details:
It comprises of 2 schemes namely Scheme A and Scheme B. Exact tenure of each scheme can range upto 371 days and will be decided at the time of the launch. Each scheme shall have a separate portfolio. The portfolio of each scheme shall comprise of Fixed Income Instruments maturing on or before the tenure of the respective schemes.
The Schemes will be wound up on completion of its tenure. If maturity date/payout date falls on holiday, then the maturity/ payout date of the scheme shall be extended by one business day or more as the case may be.Pending payment of maturity proceeds to the investors on the completion of scheme tenure, the funds may be deployed in Tri-party Repo or REPO. Interest earned on such deployment shall be included in the redemption NAV.
The trustee (or the person authorized) shall dispose of the assets of the scheme concerned in the best interest of the unit holders of that scheme. The proceeds of sale of the assets realised shall be first utilized towards discharge of such liabilities as are due and payable under the schemes and after making appropriate provision for meeting the expenses connected with such winding up, the balance shall be paid to the unit holders in proportion to their respective interest in the assets of the schemes as on the last day of close ended period.
Investment Objective:
The investment objective of each scheme is to generate income and / or capital appreciation by investing in Fixed Income Instruments having maturity in line with the maturity of the respective schemes.
The maturity of all investments shall be equal to or less than the maturity of respective schemes.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Liquidity:
Being closed ended scheme, the fund does not intend to buy the units back till the tenure of the scheme(s). Each scheme(s) of the series is proposed to be listed within 5 business days from the date of allotment.
On the Exchange:
The Units of the Scheme will be listed on the Bombay Stock Exchange of India Limited (BSE)and/or any other recognized stock exchanges as may be decided by AMC from time to time.
Investors who want to liquidate their units of the scheme(s) can sell the units in the secondary market. The Units of the Scheme may be bought or sold on all trading days minimum of 1 (one) unit at prevailing price on such Stock Exchange(s) on such Stock Exchange(s).
Benchmark:
For schemes of tenure upto 371 days
0 – 91 days tenure: CRISIL Liquid Debt A-I Index
92 – 190 days tenure: CRISIL Ultra Short Duration Debt A-I Index
191 – 371 days tenure: CRISIL Low Duration Debt A-I Index
Study about Benchmark Index in details
CRISIL Indices Factsheet 01 Mar 2024
Performance Review of the Fund Manager of Tata Fixed Maturity Series 61 Scheme A?
1) Akhil Mittal
Education: Mr. Mittal is B.Com (H) and MBA from University Business School.
Experience: Prior to joining Tata AMC, he has worked with Canara Robeco AMC, Principal Asset Management Company, Edelweiss Securities Ltd. and Rallis India Ltd.
Past Performance of his Schemes
| Fund | Tata Treasury Advantage Fund | It’s Benchmark | Tata Ultra Short Term Fund | It’s Benchmark |
| 1 Year | 7.16 | 4.71 | 6.76 | 4.71 |
| 3 Year | 5.19 | 3.18 | 4.83 | 3.18 |
| 5 Year | 4.81 | 3.27 | 5.13 | 3.27 |
| 7 Year | 5.48 | 3.52 | — | — |
| 10 Year | 6.44 | 4.03 | — | — |
Which Company Owns Tata Fixed Maturity Plan Series 61 Scheme A?
Tata Asset Management Private Ltd
Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai – 400021
Website: http://www.tatamutualfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Tata Fixed Maturity Series 61 Scheme A NFO?
Guidance for Tata Fixed Maturity Plan Series 61 Scheme A by Paresh Gordhandas, C.A., Research Analyst.
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