Annual Report for Fixed Maturity Schemes - Tata Mutual Fund

i.
ii.
Associates and entities that exercise control over or are controlled by the Trustee Company and the Investment Manager or whose
director, officer or employee is a director, officer or employee of the Investment Manager;
Control means the ability to exercise not less than 10% of the voting power of an entity or the ability of the board of directors of an entity
to exercise control over the Investment Manager.
Investment Manager
The Board of Directors of the Trustee Company has appointed Tata Asset Management Limited as the Investment Manager for the Mutual
Fund pursuant to an agreement dated 9 th May 1995. The Investment Manager also provides certain secretarial and administrative services
to the Mutual Fund. Under the terms of the arrangement, the Scheme pays the Investment Manager a fee not greater than as defined in the
Offer Document as a % of the net assets value attributable to the unit holders on each day. The Investment Manager is a subsidiary of TSL.
Broker
The Investment Manager has appointed various brokers for carrying out investment trades on behalf of the Scheme for a brokerage.
Entities that have been paid such brokerage include Tata Securities Limited (“TSec”), over which TSL exercises control.
Transactions during the year in relation to services received by the Scheme from the co-sponsors or from entities over which they exercise
control and other disclosures required under Regulation 25(8) of the SEBI regulations are contained in Annexure 3.
9.
Disclosure under Regulation 25(8) of the SEBI (MF) Regulations 1996 have been made in the table below in respect of other
payments made to parties associated with sponsors in which the Investment Manager or its major shareholders have a substantial interest.
Name of the Company
Period Ended
31-Mar-12
Rs.
Tata Asset Management Limited
Management Fees 138,154
Tata Trustee Company Limited
Trusteeship Fees 31,495
* Tata Sons Limited – 67.90% and Tata Investment Corporation Limited – 32.10%
** Tata Sons Limited – 50.00% and Tata Investment Corporation Limited – 50.00%
10. Investments made in group / associate companies (Refer Annexure 4).
11. Aggregate Fair Value of Non-Traded debt securities (excluding CBLO and Reverse Repo) :
Nature of Investment
As at 31-Mar-12
Rs.
Investments 1,245,532,899
12. Unprovided diminution and unrealised appreciation in the value of investments.
As at 31-Mar-12
Particulars
Rs.
Unrealised appreciation
Nil
Unprovided diminution
Nil
Nature of
Payment
% equity capital held by the sponsors
and its subsidiary / associates as at
31 st March, 2012.
100%*
100%**
13.
Unclaimed redemption / dividend amount, since the inception of the scheme has been invested separately, only in money market
instruments and the investors who have claimed their dividend amount have been paid alongwith the appreciation earned on this amount as
per SEBI circular MFD / CIR/9/120/2000 dated 24th November, 2000. As at 31st March,2012 the unclaimed redemption/dividend amount
is Rs.Nil for Nil investors.
14.
In accordance with Regulation 44 (1) of the SEBI (Mutual Funds) Regulations, 1996, securities purchased should be held in the name of
the Scheme. Investments in Government Securities and Treasury Bills are held in the name of “Tata Mutual Fund”.
15. There are no unit holders holding above 25% of the Net Asset Value of the Scheme as at 31st March,2012.