Annual Report for Fixed Maturity Schemes - Tata Mutual Fund

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
Nature of Payment
Period Ended
31-Mar-12
Rs.
% equity capital held by the
sponsors and its subsidiary /
associates as at 31 st March, 2012.
Tata Asset Management Limited
Management Fees 325,031
Tata Trustee Company Limited
Trusteeship Fees 13,249
* Tata Sons Limited – 67.90% and Tata Investment Corporation Limited – 32.10%
** Tata Sons Limited – 50.00% and Tata Investment Corporation Limited – 50.00%
100%*
100%**
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 2,697,657,891
12. Unprovided diminution and unrealised appreciation in the value of investments.
Particulars
As at 31-Mar-12
Rs.
Unrealised appreciation 15,078,553
Unprovided diminution
Nil
13.
14.
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.
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.
16.
There are no unit holders holding above 25% of the Net Asset Value of the Scheme as at 31st March,2012.
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.