Annual Report for Fixed Maturity Schemes - Tata Mutual Fund

Government Securities and Treasury Bills:
Government securities are valued at the average of the prices released by CRISIL and ICRA, which are now the agencies approved by AMFI for the
purpose.
Treasury Bills are valued at the weighted average price at which they are traded on the particular valuation day on the principal stock exchange
(National Stock Exchange of India Limited) on which it is traded. In the absence of such trade, Treasury Bills having a residual maturity greater than
91 days are valued at the average of the prices released by CRISIL and ICRA, the approved agencies for the purpose and Treasury Bills having a
residual maturity not exceeding 91 days, are valued on an amortisation basis (i.e. at cost / last valuation price (as applicable) plus the difference
between the redemption value and cost / last valuation price (as applicable) spread uniformly over the remaining maturity period of the instrument.
1.4 A) Income Recognition:
a) Income is recognised when the right of receipt is established and there is a reasonable certainty of collection.
b) Profit or loss on sale of investments is recognised on trade dates. The cost of investments sold is determined on “weighted average cost basis”.
c) Interest on investments is recognised on an accrual basis.
d) Discounts / premium on debt securities are amortised on a straight-line basis over the period upto redemption.
1.4 B) Expenses:
Expenses directly attributable and identifiable to particular scheme, are charged to the respective scheme. Investor related expenses viz: Registrar
expenses, investor communications, investor meets etc.are allocated to the schemes in proportion to the number of live folios in the schemes.Other
expenses,which are not identifiable to specific schemes, are allocated to the schemes in proportion to their net assets.