This is with reference to Notice No. 20111104-14 dated November 04, 2011 regarding re-opening of TATA Retirement Saving Fund for Subscription and Redemption on BSE StAR MF Platform.
MFIs/MFDs/RIAs are hereby informed that we have received communication from TATA Mutual Fund regarding implementation of lock-in period, Exit load & Type of scheme w.e.f. March 19, 2018. Also, Tata Retirement Savings Fund - Progressive Plan, Moderate Plan and Conservative Plan will be having a compulsory lock-in period of 5 years or till retirement age whichever is earlier.
MFIs/MFDs/RIAs are hereby advised to place redemption under TATA Retirement Saving Fund as per the notice cum addendum issued by TATA AMC to aviod rejections from Registrar & Transfer Agent.
Also, as communicated by TATA AMC if any redemptions for demat investors is placed and rejected by the registrar then time line for recredit of units will be within 10 working days.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Fund Assistant General Manager – Mutual Funds |