Annual Report for Fixed Maturity Schemes - Tata Mutual Fund

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15. 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”. 16. 17. No provision for income tax has been made since the income of the schemes is exempt u/s 10(23D) of the Income Tax Act 1961. The scheme was launched on 10th January, 2012 and hence there are no comparative figures. On behalf of the Board of Directors of Tata Trustee Company Limited Director Tata Asset Management Limited Authorised Signatory Fund Manager
Schedules forming part of the Accounts Schedule VII Statement of significant accounting policies and notes forming part of the financial statements of Tata Fixed Maturity Plan - Series 39 Scheme B as at 31st March, 2012 and for the period from 24th January, 2012 (date of commencement) to 31st March, 2012. A BACKGROUND Tata Fixed Maturity Plan - Series 39 Scheme B (the “Scheme”) is an close ended scheme of Tata Mutual Fund (the “Fund”). The Fund is registered with the Securities and Exchange Board of India (“SEBI”). The Scheme is managed by Tata Asset Management Limited (“TAML” / the “Investment Manager”), an investment management company registered with SEBI. The investment objective of each scheme is to generate income and / or capital appreciation by investing in wide range of Debt & Money Market instruments having maturity in line with the maturity of the respective scheme. The maturity of all investments shall be equal to or less than the maturity of respective scheme.The Scheme is sponsored by Tata Sons Limited (“TSL”) and Tata Investment Corporation Limited (“TICL”). Tata Trustee Company Limited (“TTCL” / the “Trustee Company”) is the trustee company of the Scheme. B SIGNIFICANT ACCOUNTING POLICIES 1.1 Basis of Accounting The Scheme maintains its books of account on an accrual basis. 1.2 Preparation of Financial Statements of the Scheme The financial statements of the Scheme have been prepared in accordance with the requirements of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, (the “SEBI Regulations”), the Ninth and Eleventh Schedules of which lay down the accounting policies and standards to be adopted and the disclosures to be made. The Expert Advisory Committee (the “EAC”) of the Institute of the Chartered Accountants of India (“ICAI”) have opined that the Accounting Standards on Cash Flow Statement (“AS-3”), Segment Reporting (“AS-17”) and Related Party Disclosures (“AS-18”) issued by the ICAI are applicable to the financial statements of schemes of mutual funds. The managements of the Investment Manager and the Trustee Company are of the opinion that mutual funds are governed by a self-contained regulatory framework, i.e. the SEBI Regulations, based on which the financial statements have been prepared. The preparation of financial statements in conformity with the SEBI regulations requires the use of certain critical accounting estimates. It also requires the Board of Directors of the Investment Manager to exercise its judgement in the process of applying the Fund’s accounting policies. 1.3 Portfolio Valuation a. Classification The Scheme classifies its investments in debt securities, as Non-Traded, Thinly Traded and Traded Securities. Non-Traded Securities are those debt securities (not being Government Securities) that have not been traded on any such exchange on the valuation date. A debt security (other than a Government Security) is classified as thinly traded if, on the valuation date, there are no individual trades (in the principle or other Stock Exchange) in that security in marketable lots(presently Rs. 5 crore). Debt securities that do not fall within the Non Traded Securities or Thinly traded Securities are classified as Traded Securities. b. Recognition, de-recognition and measurement Regular purchases and sales of investments are recognised on the trade date – i.e. the date on which the Scheme’s order of purchase or sale of investment is executed. Investments include contracts for purchase of securities and exclude contracts for sale of securities, for which deliveries are not received/collected. Investments purchased are initially recognised at cost of acquisition. Cost of acquisition includes transaction costs such as brokerage, stamp charges and other charges customarily included in the brokers note. Investments are derecognised when the rights to receive cash flows from the investments have expired or the Scheme has transferred substantially all the risks and rewards of ownership.
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annual report 2011 - 2012 • TATA
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REPORT OF THE TRUSTEE TO THE UNITHO
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Act, 1882 and is duly registered un
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* On 31st December 2008, the units
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Sr No Scheme / Plan Name Date of al
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Redressal of Complaints received ag
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Name of the Company / Issuer Date o
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AUDITORS’ REPORT TO THE BOARD OF
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Balance Sheet of Tata Fixed Income
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Tata Fixed Income Portfolio Fund -
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Revenue Account of Tata Fixed Incom
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Tata Fixed Income Portfolio Fund Sc
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Revenue Account of Tata Fixed Matur
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Tata Fixed Maturity Plan - Series 3
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INCOME Revenue Account of Tata Fixe
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INCOME Revenue Account of Tata Fixe
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Investments purchased are initially
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1.6 Load Charges: Load represents a
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8. Transactions with Trustees, Inve
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Schedules forming part of the Accou
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Non-Traded / thinly traded debt sec
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C. Notes attached to and forming pa
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11. Investments made in group / ass
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Government Securities and Treasury
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13 Utilisation of Load charges i. D
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Investments are derecognised when t
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10. Net Asset Value Per Unit (Rs.)
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Non - traded/ thinly traded debt se
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10. Net Asset Value Per Unit (Rs.)
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Investment Manager The Board of Dir
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13 Utilisation of Load charges i. D
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Subsequent to initial recognition,
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8. i. ii. Transactions with Trustee
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11. Aggregate Fair Value of Non-Tra
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13. 14. Unclaimed redemption / divi
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Investments purchased are initially
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12. Unprovided diminution and unrea
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Investments are derecognised when t
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13. 14. Unclaimed redemption / divi
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. Recognition, de-recognition and m
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16. No provision for income tax has
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Page 581 and 582: Tata Growth Fund 7,164,724.63 55,55
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Tata Liquid Fund Tata Dividend Yiel
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Tata Tax Saving Fund 24,056,882.98
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Tata Fixed Maturity Plan -Series 33
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Tata Sip Fund Scheme-2 11,993,157.0
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SHRIRAM TRANS. FIN. CO. LTD. Tata L
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Tata Pure Equity Fund 269,332,156.6
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Tata Growth Fund 2,531,067.33 0.00
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Tata Fixed Maturity Plan Series 30
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Current Year Commission Paid to Ass
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Commission Paid to Associate Broker
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Current Year Tata Tax Saving Fund T
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Current Year Tata Gilt Securities F
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Current Year Tata Tax Advantage Fun
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Brokerage Paid to Associate Brokers
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Brokerage Paid to Associate Brokers
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(Annexure 5) In term of SEBI Cir/IM
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Annual Report for Fixed Maturity Schemes - Tata Mutual Fund

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