MUTUAL FUNDS
Tata Mutual Fund files offer document for BSE Select Business Groups Index Fund
Oct-16-2024
Tata Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Tata BSE Select Business Groups Index Fund ‘. The New Fund Offer price is Rs 10. Entry load will be nil. Exit load will be 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked against BSE Select Business Groups Index(TRI). The minimum application amount is Rs 5,000 and in multiple of Re 1 thereafter.

The investment objective of the scheme is to provide returns, before expenses, that commensurate with the performance of BSE Select Business Groups Index (TRI).

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