Tata Mutual Fund has launched a new close-ended debt scheme, India Infoline reports. The Tata Fixed Maturity Plan Series 35 Scheme A aims to generate income and / or capital appreciation by investing in debt and money market instruments.

The new issue will be subscribed from May 25, 2011 to June 1, 2011. The scheme, which offers growth option and periodic dividend option, will be managed by Murthy Nagarajan. The benchmark index for the scheme is the Crisil Short Term Bond Fund Index.

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