Tata Mutual Fund has declared entire distributable surplus as dividend under dividend payout option of scheme named as “Tata Fixed Maturity Plan Series 40 - Scheme C” on the face value of Rs 10 per unit. The record date for the dividend is May 27. The NAV of scheme as on May 21, 2013 was at Rs 10.9884. The investment objective of the close ended debt 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 respective schemes. The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index and Murthy Nagarajan is the fund manager of the scheme.
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