Annual Report for Fixed Maturity Schemes - Tata Mutual Fund

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.