Tata Mutual Fund
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Tata Floater Fund

Debt Fund
Overview

The investment strategy of the scheme is to generate consistent returns along with lower volatility by investing predominantly in Floating Rate & Money Market instruments.


Asset Allocation
Instruments Indicative allocations (% of total assets) Risk Profile
Minimum Upto Maximum Upto High/Medium/Low
Floating rate debt instruments* and money market instruments (including securitised debt) 65 100 Low to Medium
Fixed Rate Debt Securities (including securitised debt) 0 35 Low to Medium

*Floating rate debt instruments include fixed rate instruments swapped for floating rate returns.

Investment in securitised debt will be restricted to a maximum of 50% of the net assets of the scheme.

No investment will be made in foreign securitised debt.


Who should invest / Key Attributes
  • Ideal for Investors :
    • Looking for investment avenues with lower interest rate risk than long term investments
    • Investors seeking more accrual returns which adjusts as per the prevailing interest rate scenario
  • Key Attributes :
    • Ideal investment avenue for short to medium term

Fund Manager

Akhil Mittal

Akhil MittalMr. Akhil Mittal 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. He 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. Akhil joined Canara Robeco Asset Management Co Ltd as a fund manager looking after 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. He also had a brief stint with Principal PNB Asset Management Co Ltd from Nov 2010 to Feb 2011 where he worked as a Senior Fund Manager looking after Fixed Income Investments. Akhil joined Tata Asset Management in June 2014 as senior fund manager looking after fixed income investments. He is a B.Com graduate & holds an MBA degree from University Business School.


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Scheme Information
Objective

To generate stable returns with a low interest rate risk strategy by creating a portfolio that is predominantly invested in good quality floating rate debt instruments, money market instruments and in fixed rate debt instruments which can also be swapped for floating rate returns. There can be no assurance that the investment objective of the scheme will be achieved.

Nature of scheme

An open-ended debt scheme

Date of Allotment
06 Sep 2005
Options / Plan
Tata Floater Fund
Regular Plan (Routed through Distributor)
  • - Growth
  • - Daily Dividend
  • - Weekly Dividend
  • - Periodic Dividend
Direct Plan (w.e.f. 1st Jan 2013)
  • - Growth
  • - Daily Dividend
  • - Weekly Dividend
  • - Periodic Dividend
Entry Load
NIL
Exit Load
NIL
Min. Purchase Amount
5,000/-
Min. Additional Purchase Amt.
1,000/- and in multiples of Re. 1
Min. Redemption Amt. / Units*
1,000/- or 100 units
SIP
Frequency No. of Installments Min. Installment Amt.
Monthly 12 500/-
6 1,000/-
Quarterly 6 1,000/-
4 1,500/-
Systematic Withdrawal Plan
Available
Yes
Frequency
Monthly / Quarterly
Min. Withdrawal Amt.
500/-

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


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