Tata Mutual Fund launches of Fixed Maturity Plan Series 61

Tata Fixed Maturity Plan Series 61 Scheme A (91 days) and Scheme B (364 days) (NFO) are close-ended income schemes launched by Tata Mutual Fund on March 6, 2024, and the NFO is closing on March 11, 2024. The schemes aim to generate income and/or capital appreciation by investing in fixed-income instruments that mature around the same time as the scheme itself (91 days and 364 days).

There is no guarantee of returns, and the scheme does not come with any entry or exit load. The minimum investment amount is Rs 5,000.

Investment objective

The investment objective of the Tata Fixed Maturity Plan Series 61 Scheme A (91 days) and Scheme B (364 days) is to generate income and/or capital appreciation by investing in fixed-income instruments having maturity in line with the maturity of the Scheme. The maturity of all investments shall be equal to or less than the maturity of the Scheme. 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.

This product is suitable for investors who are seeking income or capital appreciation over the tenure of the scheme by investing in debt, money market instruments & government Securities.

Risk-o-meter: the Tata Fixed Maturity Plan Series 61 Scheme A (91 days) and Scheme B (364 days) – Low to Moderate, Benchmark –Low to Moderate.

Potential Risk Class: it’s a close-ended scheme, with relatively low interest rate risk and relatively moderate credit risk (B – I).

Funds Allocation

Benchmark

Tata Fixed Maturity Plan Series 61 Scheme A (91 days) will benchmark against CRISIL Liquid Debt A-I Index

Tata Fixed Maturity Plan Series 61 Scheme B (364 days) will benchmark against CRISIL Low Duration Debt A-I Index

Fund Managers

Akhil Mittal, Age: 44, Educational Qualification: B. Com, MBA Total Experience (in years): 22

Characteristics of Fixed Maturity Plans

• Fixed tenor: Fixed Maturity Plans (FMPs) have a predetermined maturity date.
• Closed-ended: FMPs have a fixed investment period and investors cannot redeem units before maturity.
• Portfolio diversification: FMPs typically invest in a diversified portfolio of debt instruments.
• Low-interest rate risk: FMPs aim to match the maturity of their investments with the maturity of the plan, reducing interest rate risk.
• Capital protection: FMPs may offer capital protection by investing in low-risk debt securities.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.