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Tata MF Announces Discontinuation of Bonus option under Tata Income Fund & Tata Mid Cap Growth Fund

With effect from 28 May 2015

May 27, 2015 11:20 IST | capital market
Tata Mutual Fund has decided to discontinue the bonus option under both the plans (Direct & Plan A) of Tata Income Fund and Tata Mid Cap Growth Fund, with effect from 28 May 2015.

Accordingly, Tata Mid Cap Growth Fund will offer dividend & growth option with growth option as the default option and Tata Income Fund would have quarterly dividend, half yearly dividend, periodic dividend & growth option with growth option as the default option.

Consequently, no subscription will be accepted under the bonus option of the scheme, whether by way of fresh subscription or additional purchase / switch-in or under Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP).

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