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|Fund Type||Medium to Long Duration|
|Exit Load||1% for 365 Days|
More about this fund
|7.17% Govt Stock 2028||19.79%|
|INDIAN RAILWAY FINANCE CORPORATION LIMITED||6.82%|
|Power Finance Corporation Ltd.||6.81%|
|7.16% Govt Stock 2023||6.74%|
|NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT||6.7%|
|Reliance Utilities And Power Private Limited||6.39%|
|SBI Cards & Payment Services Private Limited||6.37%|
|ICICI Bank Limited||3.12%|
|7.88% GS 2030||0.37%|
About Tata Income Fund
Tata Income Fund is an open-ended scheme that invests in debt and money market instruments. The objective of the scheme is to provide accrual income and capital appreciation over medium to long-term. The portfolio has a Macaulay Duration between 4 years and 7 years under normal circumstances.
Pros & Cons of Tata Income Fund
Tata Income Fund offers the following benefits
- The Tata Income Fund is ideal for investors looking to profit from changing interest rates.
- The fund has a lower expense ratio and has delivered 5-year returns higher than the benchmark. However, returns for shorter time duration are lower than the benchmark.
- The Asset Under Management are also low at only Rs 82.37 crores.
Fund Information and Statistics of Tata Income Fund
i) Inception / Launch date
The Tata Income Fund was launched on May 02, 1997, by Tata Mutual Funds.
ii) Risk level
Tata Income fund is a moderate risk bet and suitable for investors with a mid to long term time investment horizon.
The units can be redeemed on any business day based on the NAV prices. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days.
iv) Fund Manager
The fund is managed by Akhil Mittal since June 2014. He has previously worked with Rallis India Ltd, Edelweiss Securities Ltd, and Canara Robeco AMC.
v) Entry / Exit load
The fund house does not charge any entry load or exit load if redeemed after one year. However, 1% exit load is charged if redeemed within 365 days of allotment.
Tax benefits of investing in Tata Income Fund
The Short-term capital gain tax will be levied on unit holders as per the income tax slab rate if units are held for less than 36 months. A long-term capital gains tax of 20% is applicable with indexation if units are held for more than 36 months. Dividend distribution tax will be deducted before distribution of the dividend.
About Tata Mutual Fund
Tata Mutual Fund is part of one of the oldest and most trusted brands in India. The Asset Management company aims to offer versatile investment options to all type of investors. It strives to achieve consistent and long-term results for its investors.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns