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Objective : Tata Monthly Income Fund seeks to provide reasonable and regular monthly income along with possible capital appreciation to its unit holders.
Structure : Open-ended Debt Fund
Inception Date : January 10, 2003
Plans and Options under the Plan :
Monthly Income Option, Quarterly Income Option & Growth Option.
Face Value (Rs/Unit): Rs. 10
Minimum Investment :
Monthly Income and Quarterly Income: Rs.25,000/-. Growth Option: Rs.10, 000/-.
Entry Load : Nil.
Exit Load : For Investment amount greater than or equal to Rs.1 crore: Nil. For Investment amount less than Rs.1 crore: 0.50% if redeemed within 180 days from the date of allotment. For investment amount >= Rs 1 crore: Nil.
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