Tata Mutual Fund has announced the merger of Tata Life Sciences & Technology Fund and Tata Services Industries Fund into Tata Equity Opportunities Fund with effect from 14 September 2012.
The existing unit holders, who do not approve of the above merger, have an option to exit the schemes anytime before 14 September 2012 without paying any exit load.
However, the unit holders who choose to remain invested in Tata Life Sciences & Technology Fund and Tata Services Industries Fund shall be allotted units of Tata Equity Opportunities Fund at applicable NAV as on 14 September 2012.