New Indian fund to allow securities lending
08 December 2010 Mumbai
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Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 29 - Scheme B, a close ended debt scheme, where up to 25 per cent of the assets will be available for securities lending.
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market 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.
The scheme would allocate up to 100 per cent of assets in debt and money market instruments & securitised debt with low to medium risk profile. Not more than 25 per cent of the net assets of the scheme shall be deployed in securities lending.
The scheme would limit its exposure, with regards to securities lending, for a single intermediary, to the extent of five per cent of the total net assets of the scheme at the time of lending. The scheme will have maximum derivative gross notional position of 50 per cent of the net assets of the scheme. Investment in derivative instrument may be done for hedging and portfolio balancing.
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The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market 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.
The scheme would allocate up to 100 per cent of assets in debt and money market instruments & securitised debt with low to medium risk profile. Not more than 25 per cent of the net assets of the scheme shall be deployed in securities lending.
The scheme would limit its exposure, with regards to securities lending, for a single intermediary, to the extent of five per cent of the total net assets of the scheme at the time of lending. The scheme will have maximum derivative gross notional position of 50 per cent of the net assets of the scheme. Investment in derivative instrument may be done for hedging and portfolio balancing.
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