INVESTMENT STYLE:

An open-ended debt scheme investing predominantly in NAV floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)

INVESTMENT OBJECTIVE:

The objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.
However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

DATE OF ALLOTMENT:

July 07, 2021

FUND MANAGER(S)

Akhil Mittal (Managing Since 21-Jun-21 and overall experience of 22 years)

BENCHMARK:

CRISIL Short Duration Debt A-II Index

NAV

Direct - Growth	: 11.8470
Direct - Monthly IDCW	: 11.8470
Direct - Periodic Growth	: 11.8470
Direct - Quarterly IDCW	: 11.8470
Reg - Growth	: 11.6985
Reg - Monthly IDCW	: 11.6985
Reg - Periodic IDCW	: 11.6985
Reg - Quarterly IDCW	: 11.6985
FUND SIZE
Rs. 209.87 (Rs. in Cr.)
MONTHLY AVERAGE AUM
Rs. 214.5 (Rs. in Cr.)
EXPENSE RATIO**
Direct	0.30
Regular	0.73
**Note: The rates specified are actual month end expenses charged as on May 31, 2024 The above ratio includes the Service tax on Investment Management Fees. The above ratio excludes, borrowing cost, wherever applicable.

Portfolio Macaulay Duration	:	1.53 Years
Modified Duration	:	1.46 Years
Average Maturity	:	2.06 Years
Gross Yield to Maturity (For Debt Component)*
- Including Net Current Assets	:	7.78%
*Computed on the invested amount for debt portfolio
^Risk-free rate based on the FBIL Overnight MIBOR rate of 6.76% as on May 31, 2024 YTM, Macaulay Duration and Modified Duration is post adjustment of IRS positions in the Fund. For details of IRS positions please refer to Monthly Portfolio. For calculation methodology

MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTMENT:

Rs. 5,000/- and in multiples of Re. 1/- thereafter.

ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS:

Rs. 1,000/- and multiples of Re. 1/- thereafter.

LOAD STRUCTURE:

ENTRY LOAD	Not Applicable
EXIT LOAD	Nil

Please refer to our Tata Mutual Fund website for fundamental changes, wherever applicable