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TATA FLOATER FUND II. INFORMATION ABOUT THE SCHEME PRODUCT LABLE This product is suitable for investors who are seeking*: Regular Fixed Income for Short Term Investment in Debt / Money Market Instruments / Government Securities. The scheme is classified as Low Risk (BLUE). Investors understand that their principal will be at low risk. *Investors should consult their financial advisors if in doubt about whether the product is suitable for them Risk is represented as: (Brown)Investors understand that their principal will be at high risk. (Yellow)Investors understand that their principal will be at medium risk. B(Blue)Investors understand that their principal will be at low risk. A. TYPE OF THE SCHEME An open ended debt scheme. B. INVESTMENT OBJECTIVE OF THE SCHEME The investment objective of the scheme is to generate stable returns with a low interest rate risk strategy by creating a portfolio that is predominantly invested in good quality floating rate debt instruments, money market instruments and in fixed rate debt instruments which can also be swapped for floating rate returns. There can be no assurance that the investment objective of the Scheme will be realised. C. ASSET ALLOCATION AND RISK PROFILE Under normal circumstances, funds of the Scheme, shall (after providing for all ongoing expenses) generally be invested / the indicative asset allocation shall be as follows considering the objective of the Scheme: Instruments Floating Rate Debt instruments* and money market instruments (including securitised debt) Indicative allocations (% of Net Assets) Risk Profile Minimum Upto Maximum Upto High/Medium/Low 65 100 Low to Medium Fixed Rate Debt Securities (including securitised debt) 0 35 Low to Medium * Floating rate debt instruments include fixed rate instruments swapped for floating rate returns. Investment in securitised debt will be restricted to a maximum of 50% of the net assets of the scheme. No investment will be made in foreign securitised debt. Investment in Derivatives shall be in compliance with guidelines of SEBI including SEBI circular no. Cir/IMD/DF/11/2010 dated August 18, 2010. The scheme net assets will have a maximum derivative net position of 50% of the net assets of the scheme. Investment in derivative instruments may be done for hedging and Portfolio balancing. The cumulative gross exposure through debt securities and debt derivative positions should not exceed 100% of the net assets of the scheme. Cash or cash equivalents with residual maturity of less than 91 days may be treated as not creating any exposure. Not more than 25% of the net assets of the scheme shall be deployed in securities lending. The Scheme would limit its exposure, with regards to securities lending, for a single intermediary, to the extent of 5% of the total net assets of the scheme at the time of lending. The AMC may from time to time for a short term period on defensive consideration invest upto 100% of the funds available in Money Market Instruments, the primary motive being to protect the Net Asset Value of the Scheme and protect unitholders interests so also to earn reasonable returns on liquid funds maintained for redemption/repurchase of units. The Trustee Company may from time to time, for a short term period on defensive consideration, modify / alter the investment pattern / asset allocation, the intent being to protect the Net Asset Value of the Scheme and Unitholders interests, without seeking consent of the unitholders. 12
TATA FLOATER FUND Change in Investment Pattern The Investment Patterns as outlined above are indicative. Investment strategy and pattern may be deviated from time to time, provided such modification is in accordance with the Scheme objective and Regulations as amended from time to time, the intent being to protect the Net Asset Value of the Scheme and Unitholders interests.. In case of deviation, the AMC will achieve a normal asset allocation pattern in a maximum period of three months. However, if such modified / deviated portfolio is not rebalanced within a period of three months then justification for such delay will be provided to the trustees. Comparison with existing similar schemes of Tata Mutual Fund: Scheme Name Comparison with existing schemes of Tata Mutual Fund AUM as on June 30, 2013 (Rs. Crore) No. of Folios as on June 30, 2013 Tata Floater Fund (TFF) Tata Treasury Manager Fund (TTMF) Tata Monthly Income fund (TMIF) Tata Income Plus Fund (TIPF) Tata Short Term Bond Fund (TSTBF) Tata MIP Plus Fund (TMPF ) Tata Dynamic Bond Fund (TDBF) Tata Floating Rate Fund- Long Term Plan (TFRLTF) An open ended Debt Fund. The investment strategy of the scheme is to generate consistent returns along with lower volatility by investing. Predominantly in Floating Rate & Money Market instruments. As per the present strategy scheme is biased towards short term instruments. An open ended debt fund. Strategy of the scheme is to generate consistent returns along with lower volatility by investing predominantly in a portfolio of money market & other short term debt instruments. As per the terms of the Scheme Information Document (SID), the scheme shall invest atleast 50% of the net assets in securities having maturity upto one year. Further scheme cannot invest in Government of India Dated Securities. An open ended Income Fund. As per the terms of the SID, to provide reasonable & regular income the scheme can invest predominantly in debt & money market instruments. The scheme can invest upto 10% of its nets assts in equity & equity related instruments. The Fund will have flexibility to invest in wide range of Debt & Money Market Instruments & upto 10% of net assets in Equity & equity related instruments. An open ended Debt Fund. The investment strategy is to invest in longer duration paper in the favourable interest rate scenario. However the average portfolio maturity is subject to internal cap. As per the internal portfolio maturity restrictions, TIPF can take exposure to longer duration instruments than the TIFA. Hence in the risk reward chart the scheme is above the TIFA. An open ended Debt Fund. The investment strategy of the scheme is to invest in a portfolio of short duration instruments. The average portfolio Maturity/duration is subject to internal cap which is much less than the TIFA. An open ended Income Fund .As per the terms of the SID, to provide reasonable & regular income the scheme can invest predominantly in debt & money market instruments. The scheme can invest upto 20% of its net assets in equity & equity related instruments. The Fund will have flexibility to invest in wide range of Debt & Money Market Instruments and upto 20% of net assets in equity & equity related instruments. An open ended Debt Fund .The investment objective of the Scheme is to provide reasonable returns & high level of liquidity by investing in debt instruments including bonds, debentures & Government securities; & money market instruments such as treasury bills, commercial papers, certificates of deposit, repos of different maturities & as permitted by regulation so as to spread the risk across different kinds of issuers in the debt markets. As per the investment strategy scheme can dynamically switch the maturity profile from long to short & vice versa in short period of time. An open ended Debt Fund. The investment strategy of the scheme is to generate consistent returns alongwith lower volatility by investing predominantly in Floating Rate & Money Market instruments. In case of Floating Rate Instrument, the scheme will be biased towards longer duration paper. 3,486.86 10,341 164.06 2,585 38.42 3,109 162.05 2,383 316.43 2,644 138.63 11,085 423.23 1,063 2.51 189 Tata Income An open ended Debt Fund. The investment strategy is to invest in longer 1,315.57 5,126 13
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