Scheme Feature-
Tata Infrastructure Tax Saving Fund is a close - ended Equity Linked Savings Scheme offering Tax benefits to eligible assessees under Section 80 C of the Income Tax Act, 1961. The Scheme seeks to provide medium to long term capital gain by investing predominantly in equity / equity related instruments of the companies in infrastructure and infrastructure related sectors along with the income tax benefit to its unitholders.
The duration of the scheme is 10 years from the date of allotment and has a minimum lock in period of 3 years.
NFO Opening Date-17th December 2008
NFO Closing Date- 16th March 2009
Entry Load- For amount < Rs. 2 Cr, exit load charged will be 2.25%
For amount >= Rs. 2 Cr, exit load charged will be nil.
Exit Load- There is a 3 year Lock-in Period.
Minimum Amout- Rs.500/- and in multiples of Rs.500/-
Benchmark Index- BSE Sensex
Fund Manager- Venugopal M. and Mahendra Jajoo
Tata Infrastructure Tax Saving Fund is a close - ended Equity Linked Savings Scheme offering Tax benefits to eligible assessees under Section 80 C of the Income Tax Act, 1961. The Scheme seeks to provide medium to long term capital gain by investing predominantly in equity / equity related instruments of the companies in infrastructure and infrastructure related sectors along with the income tax benefit to its unitholders.
The duration of the scheme is 10 years from the date of allotment and has a minimum lock in period of 3 years.
NFO Opening Date-17th December 2008
NFO Closing Date- 16th March 2009
Entry Load- For amount < Rs. 2 Cr, exit load charged will be 2.25%
For amount >= Rs. 2 Cr, exit load charged will be nil.
Exit Load- There is a 3 year Lock-in Period.
Minimum Amout- Rs.500/- and in multiples of Rs.500/-
Benchmark Index- BSE Sensex
Fund Manager- Venugopal M. and Mahendra Jajoo
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