Scheme: A close-ended debt scheme with three plans from Scheme A to C with 3 months maturity and three plans from scheme D to F with maturity ranging between 13 months to 19 months.

Objective: The objective of the scheme is to generate income and/ or capital appreciation by investing in wide range of debt and money market instruments.

Schemes available under the series: Tata fixed Maturity Plan Series 23 Scheme A, Tata fixed Maturity Plan Series 23 Scheme B, Tata fixed Maturity Plan Series 23 Scheme C, Tata fixed Maturity Plan Series 23 Scheme D, TATA fixed Maturity Plan Series 23 Scheme E and Tata fixed Maturity Plan Series 23 Scheme F.

Investment Options: The Schemes from A to C will offer two plans i.e. Retail & institutional plan with growth and dividend option. The dividend option will further offer dividend payout and dividend re-investment facility.

The Scheme from D to F will offer three plans viz. Retail Investment Plan (RIP), High Investment Plan (HIP) and super high institutional plan (SHIP) with growth and dividend option. The dividend option will further offer dividend payout and dividend re-investment facility.

Asset Allocation: The scheme will invest its entire corpus in the debt and money market securities.The scheme may invest upto a maximum of 50% of the schemes net assets in domestic securitised debt. Not more than 25% of the net assets of the scheme shall be deployed in securities lending. The scheme will not invest in foreign securities.

NFO price: Rs 10 per unit

Entry Load: The scheme will not charge any entry load

Exit Load: The scheme will not charge entry load. For the scheme A, B and C, the scheme will charge 1% as an exit load for the redemptions before maturity and no charges will be levied for the redemptions on maturity.

For the Schemes D, E and F, the scheme will charge 2.00% as an exit load the redemptions before maturity. The scheme will levy no exit load if redeemed on maturity.

Minimum Investment Amount: For Scheme A, B and C, the minimum investment amount under regular plan is Rs 10, 000 and multiples of Re 1 thereafter. For Institutional plan the minimum application amount is Rs 1 crore and multiples of Re 1 thereafter.

For the Scheme D, E and F, the minimum investment for RIP is Rs 10, 000 and in multiples of Re 1 thereafter, the minimum investment for HIP is Rs 25 lakh and in multiples of Re 1 thereafter and the investors of SHIP has to invest the minimum amount of Rs 1 crore and multiples of Re 1 thereafter.

Minimum Target amount: The Fund seeks to collect a minimum subscription amount of Rs 10 crore under each series during NFO.

Benchmark Index: For Tata fixed Maturity Plan Series 23 Scheme A, B and C: Crisil liquid fund index.

Tata fixed Maturity Plan Series 23 Scheme D, E and F: Crisil Short Term Bond Fund Index.

Fund Managers: Raju Sharma will manage the fund.

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