Tata Mutual Fund
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Tata Income Fund

Debt Fund
Overview

Debt investments form an 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

Under normal circumstances, funds of the Scheme, shall (after providing for all ongoing expenses) invest / the indicative asset allocation shall be as follows considering the objective of the Scheme:


Instrument Indicative Allocation (% of Total Assets) Risk Profile
Minimum Maximum
Debt & Money Market Instruments. 0% 100% Low to Medium

Under normal circumstance portfolio of the scheme will have Macaulay Duration between 4 years and 7 years.

For detailed information kindly refer the Scheme Information Document.

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
Objective

The investment objective of the Scheme is to provide income distribution/ capital appreciation over medium to long term.

Nature of scheme

An open ended medium term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 year and 7 years.

Date of Allotment
02 May, 1997
Options / Plan
Tata Income Fund
Regular Plan (Routed through Distributor)
  • • Growth
  • • Half Yearly Dividend
  • • Periodic Dividend
Direct Plan
  • • Growth
  • • Half Yearly Dividend
  • • Periodic Dividend
Entry Load
Not Applicable
Exit Load
1%

if redeemed on or before expiry of 365 days from the date of allotment.

Min. Purchase Amount
  • 5,000/- & in multiples of 1 /- thereafter.
Min. Additional Purchase Amt.
  • 1,000/- & in multiples of 1 /- thereafter.
Systematic Investment Plan (SIP)
Frequency No. of Installments Min. Installment Amt.
Monthly 12 500/-
6 1000/-
Quarterly 6 1000/-
4 1500/-
Systematic Withdrawal Plan
Available
Yes
Frequency
Monthly / Quarterly
Min. Withdrawal Amt.
500/-
STP
Available

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

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