Tata Mutual Fund
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Tata Income Plus Fund

Debt Fund

Debt investments form a essential part of every investors portfolio due to its feature of regular accrual income. It provides stability to the portfolio of the investors

Investors with a medium to longer time horizon would like to earn accrual income and capital gains which are also tax efficient

Asset Allocation
Instrument Indicative allocation(% of total asset) Risk Profile
% Of Corpus High/Medium/low
Debt & Debt Related Instruments 0-100 Low to Medium
Money Market Instruments
0-100 Low

Investment by the scheme in securitised debt will not normally exceed 80% of the net assets of the Scheme.

Investment in derivative instruments may be done for hedging and Portfolio balancing. Exposure to derivative instruments will be restricted to 50% of the net assets of the scheme.

Who should invest / Key Attributes
  • Ideal for Investors :
    • Investors looking for accrual returns during high interest rate environment and looking for capital appreciation opportunities in a falling interest rate scenario
    • Investors with longer investment horizon and risk appetite
  • Key Attributes :
    • Opportunity to earn accrual income from longer duration fixed income instruments
    • Dividend income is tax free in the hands of investor with dividend distribution tax deducted before distribution of dividends
    • Long term Capital gains taxed at lower rates as compared to interest income due to indexation benefits
    • One of the ideal investment avenue for long term debt portfolio

Fund Manager

Akhil Mittal

Akhil MittalAkhil Mittal joined Tata Asset Management in June 2014 as a senior fund manager.

At Tata Asset Management, Akhil manages debt funds including ultra-short funds, short & long duration funds and fixed income allocation in hybrid funds.

Akhil started his career in 2004 at Rallis India Limited where he worked till 2006 in the treasury department looking after working capital management, foreign exchange management & banking.

Akhil moved to Edelweiss Securities Limited in 2006, where he worked in the Corporate Treasury & resources department looking after resource mobilization, working capital management, banking & investments.

Later, Akhil joined Canara Robeco Asset Management Co Ltd as a fund manager (fixed income funds) from Sept 2008 till Nov 2010 & from March 2011 to June 2014; he managed various Fixed Income portfolios including money market funds, duration funds & hybrid funds.

Akhil also had a brief stint with Principal PNB Asset Management Co Ltd from Nov 2010 to Feb 2011 handling various income funds.

Akhil Mittal is a B.Com graduate & holds an MBA degree from University Business School.

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Scheme Information

The objective of the scheme is to provide income/ bonus distribution and / or medium to long-term capital gains while at all times emphasising the importance of capital appreciation.

Nature of scheme
An open ended pure debt scheme, investing only in debt and money market instruments.
Date of Allotment
02 Dec 2002
Options / Plan
Tata Income Plus Fund
Regular Plan (Routed through Distributor)
(Erstwhile Plan A)
  • -Growth
  • -Bonus / Dividend
Direct Plan (w.e.f. 1st Jan 2013)
  • -Growth
  • -Bonus / Dividend
Suspended for ongoing subscription/switch-in w.e.f. 1st October 2012
Plan B
  • -Growth
  • -Bonus / Income
Plan C
  • -Growth
  • -Dividend
Entry Load
Exit Load
1% of NAV if redeemed on or before expiry of 365 days from the date of allotment
Min. Purchase Amount
Min. Additional Purchase Amt.
1,000/- & in multiple of 1/- thereafter
Min. Redemption Amt. / Units*
Rs. 500/- or 50 units
Frequency No. of Installments Min. Installment Amt.
Monthly 12 500/-
6 1000/-
Quarterly 6 1000/-
4 1500/-
Systematic Withdrawal Plan
Monthly / Quarterly
Min. Withdrawal Amt.

*There is no minimum amount requirement in case unitholder is opting for an all units switch.

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