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Tata MF assigns yellow colour code to Dual Advantage Fund

Tata Dual Advantage Fund, which closes on June 28, has been assigned yellow colour indicating principal at medium risk

June 19, 2013 4:27 IST | India Infoline News Service
Tata Mutual Fund said it has become the first fund house to label its mutual fund schemes using colour code box to indicate the risk involved while investing, according to a media report.

Tata MF’s new fund offer Tata Dual Advantage Fund, which closes on June 28, has been assigned yellow colour indicating principal at medium risk while investing in this product, the report added.

Market regulator Securities and Exchange Board of India last month directed all fund houses to label their schemes using colour code to depict level of risk to all the existing schemes and all schemes to be launched on or thereafter with effect from July 1.

As per Sebi directive issued last month, three colour code boxes will be used to indicate level of risk – blue colour box will represent principal at low risk, yellow colour box will represent medium risk and brown colour box will represent high risk.

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