Tata Mutual Fund launches 'Tata SIP Fund - Scheme I'

Hyderabad, Jan 22 (UNI) Tata Mutual Fund announced the launch of a unique new mutual fund scheme, Tata SIP Fund Scheme I.

The Tata SIP Fund Scheme I is a 36-month close-ended hybrid scheme.

In a release here, Ved Prakash Chaturvedi, Managing Director, Tata Mutual Fund, said, ''Tata SIP Fund Scheme I is based on the well-known and widely understood Systematic Investment Plan (SIP) concept with the added feature of a convenient method of investing.

In Tata SIP Fund Scheme I, unlike usual Systematic Investment Plans an investor will be making a one-time investment in the fund.'' The new fund offer for Tata SIP Fund Scheme I will be open from January 15, 2007 to February 15, 2007.

UNI