Saturday, July 31, 2010 10:31 Hrs IST

Tata MF Introduces Monthly Dividend Option under Balanced Fund

With effect from 23 July 2010

Tata Mutual Fund has announced the introduction of additional option i.e. ‘Monthly Dividend Option' under Tata Balanced Fund. This option has become operative with effect from 23 July 2010.

Monthly dividend option will have two sub options i.e. dividend pay-out and dividend re-investment options. In case the monthly dividend amount is less than Rs. 250/- then the dividend will be compulsorily be reinvested and the payout option will not be applicable.

The exit load structure for Monthly Dividend Option is 1% of the applicable NAV if redeemed on or before expiry of 365 days from the date of allotment.

Tata Balanced Fund is an open ended balanced fund with the investment objective to provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation.