Tata MF to launch Tata SIP Fund
January 14th, 2007
Some business media have posted that Tata Mutual Fund is launching Tata SIP Fund. The fund will be a close ended fund and will be based on systematic investment plan. According to the information available, the fund would start with an allotment of 0-35% into equities and the bulk goes into debt and money market instruments. The second year will give more allotment to equities while the third year would see up to 75% into equities and the remaining in debt. The fund sounds to be a good one looking at the strategy.
Unfortunately it seems Tata MF website has not yet put the announcement/information of this new fund on its website yet. Will keep posting in as information rolls out..
Entry Filed under: Mutual Funds, Tata Mutual Fund
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