MFIs/MFDs/RIAs/RFDs are hereby informed that TATA Mutual Fund will be offering below NFO schemes with SIP facility from April 08, 2024 to April 22, 2024, on BSE StAR MF Platform. The details of the schemes with plan & options are attached in Annexure.
- TATA NIFTY AUTO INDEX FUND
- TATA NIFTY FINANCIAL SERVICES INDEX FUND
- TATA NIFTY MIDSMALL HEALTHCARE INDEX FUND
- TATA NIFTY REALTY INDEX FUND
- TATA NIFTY500 MULTICAP INDIA MANUFACTURING 50:30:20 INDEX FUND
- TATA NIFTY500 MULTICAP INFRASTRUCTURE 50:30:20 INDEX FUND
MFIs/MFDs/RIAs/RFDs are also hereby informed that, transactions for which the client has not initiated the funds till 9:00 AM on T + 1 day (Including transactions executed during extended period of NFO) will be cancelled and CC with N flag will be reported to the RTA/AMC. The transactions for which the client has initiated the payment will remain pending in the system till 3:00 PM on the last day of making funds pay-out to the AMC for the said NFO or T + 5 whichever is earlier.
Also, MFIs/MFDs/RIAs/RFDs are hereby informed that AMC confirmed the tentative allotment date for above scheme will be done on April 25, 2024, hence the clear funds have to be available in ICCL Account by 6:00 pm on April 23, 2024.
The Cheques & OTM payments are acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00pm on April 23, 2024, to avail the allotment of units under above NFO schemes.
Switches shall be accepted during the NFO period subject to receipt of funds under NFO scheme on or before the allotment date. If funds for switch out scheme received after the NFO allotment date (Refer switch out scheme payout TAT in scheme master) then same will not be considered for allotment at AMC/RTA end.
The said NFOs will get extended till midnight on April 22, 2024, on BSE StAR MF Platform.
Ketan Jantre Zeeta Eustace
Chief General Manager – Mutual Funds Additional General Manager – Mutual Funds |