Annual Report for Fixed Maturity Schemes - Tata Mutual Fund

Annual Report
2011-2012
Tata Fixed Income Portfolio Fund:
An open ended debt fund comprising of seven schemes i.e. Scheme A1, Scheme A2, Scheme A3, Scheme B2, Scheme B3, Scheme C2,
Scheme C3. The investment objective of each scheme under the scheme is to generate returns and / or capital appreciation along with
minimum of interest rate risk. In order to achieve its investment objective, the scheme is investing predominantly in a portfolio of debt & money
market instruments. In order to control the interest rate risk, average maturity of each scheme is restricted i.e 30 days in case of Scheme A1,
60 days in case of Scheme A2, 90 days in case of Scheme A3, 150 days in case of Scheme B2, 180 days in case of Scheme B3, 240 days
in case of Scheme C2 and 270 days in case of Scheme C3. Each scheme has the flexibility to invest in wide range of debt & money market
Instruments.
Proactive liquidity management strategy has helped each scheme (except Scheme A1) to outperform the benchmark indices in last one year.
Due to small size of corpus and restriction on average maturity, Scheme A1 has underperformed the benchmark index.
Performance at a glance (% as on 31 st March, 2012)
Last 1 year Last 3 years Last 5 years Since Inception
Tata Fixed Income Portfolio Fund
Scheme A1 RIP 4.26 2.61 NA RIP 4.44 (03/01/08)
Scheme A2 RIP 9.06
IP 7.97
Scheme A3 RIP 10.11
IP 10.12
Scheme B2 RIP 9.86
IP 8.66
Scheme B3 RIP 9.58
IP 8.43
Scheme C2 RIP 9.49
IP 8.35.
Scheme C3 RIP 14.00
IP NA
Crisil Liquid Fund Index
RIP 6.02
IP-NA
RIP 6.44
IP -NA
RIP 6.32
IP -NA
RIP 6.53
IP- NA
RIP 4.2
IP NA
RIP 7.47
IP NA
RIP- NA
IP-NA
RIP –NA
IP -NA
RIP- NA
IP -NA
RIP- NA
IP- NA
RIP NA
IP NA
RIP NA
IP NA
RIP 6.87 (07/12/07)
IP 7.34 ( 04/06/10) @@
RIP 6.90 (20/5/08) #
IP 8.87 ( 09/06/10)# #
RIP 7.33 (11/12/07)
IP 7.77 ( 18/06/10) $
RIP 9.15 (28/12/07)
IP 7.41 (23/03/10) *
RIP 5.94 (31/12/07)
IP 8.76 ( 21/01/11) @
RIP 8.32 (24/12/07)
IP 7.99 (26/05/11) ^
Scheme A1 RIP 8.42 6.09 6.91 RIP 6.77
IP NA
Scheme A2 RIP & IP 8.42 RIP 6.09
IP NA
Scheme A3 RIP & IP 8.42 RIP 6.09
IP NA
Scheme B2 RIP & IP 8.42 RIP 6.09
IP NA
Scheme B3 RIP & IP 8.42 RIP 6.09
IP NA
Scheme C2 RIP & IP 8.42 RIP 6.09
IP NA
Scheme C3 RIP 8.42
IP NA
N.A.- Not Available
RIP 6.09
IP NA
RIP & IP NA RIP 6.80
IP 7.67
RIP & IP NA RIP 6.70
IP 7.70
RIP & IP NA RIP 6.80
IP 7.74
RIP & IP NA RIP 6.79
IP 7.28
RIP & IP NA RIP 6.78
IP 8.41
RIP 6.91
IP NA
RIP 6.79
IP 7.22
# On 16th April, 2008, the units had become zero under TFIPA3-RIP (Growth) plan and new units were allotted on 20th May 2008 at face value.
Hence returns are computed from 20th May 2008.
@@ On 4th March, 2009 the units had become zero under TFIPA2-IP (Monthly Dividend) plan and new units were allotted on 4th June, 2010
at face value. Hence returns are computed from 4th June, 2010.
# # On 23 October 2008, the units had become zero under TFIPA3-IP (Growth) plan and new units were allotted on 09th June, 2010 at face
value. Hence returns are computed from 09th June, 2010.
$ On 17th November, 2009, the units had become zero under TFIPB2-IP (Monthly Dividend) plan and new units were allotted on 18th June,
2010 at face value. Hence returns are computed from 18th June, 2010.
6