Annual Report for Fixed Maturity Schemes - Tata Mutual Fund

Revenue Account of Tata Fixed Income Portfolio Fund - Scheme A2
for the year ended 31st March, 2012
INCOME
Schedule Year Ended Year Ended
31-Mar-12
31-Mar-11
Rs.
Rs.
Interest VI 13,550,143 150,173,042
Profit on sale / redemption of investments (other than inter-scheme
transfer/sale)
57,478 2,029,975
Profit on inter- scheme transfer / sale of investments - 85,185
Other income - 22,000
TOTAL (A) 13,607,621 152,310,202
EXPENSES AND LOSSES
Loss on sale / redemption of investments (other than inter-scheme
transfer/sale)
- 883,620
Loss on inter scheme transfer / sale of investments - 708,220
Management fees 78,326 1,541,133
Trusteeship fees 47,117 572,718
Commission to Agents [net of load utilised of Rs. 31,009/- (previous year
Rs.518,821/-)]
- -
Publicity expenses 3,809 104,842
Audit fees 16,854 33,090
Other operating expenses 28,775 433,903
Custodian fees & expenses 39,708 44,120
Registrar's fees & expenses 3,025 12,739
TOTAL (B) 217,614 4,334,385
Surplus ( A - B ) 13,390,007 147,975,817
(Less) : Income Equalisation Account (Refer Note B 1.5 of Schedule VII) (3,590,860) (23,234,556)
9,799,147 124,741,261
Add : Surplus brought forward 11,570,805 2,430,840
Surplus after adjustments 21,369,952 127,172,101
Appropriations
Income Distribution 8,458,750 95,038,492
Tax on dividend distributed 1,978,819 20,562,804
Surplus carried forward to Revenue Reserve 10,932,383 11,570,805
Income as a percentage to Average Net Assets 3.33 6.85
Recurring Expenses as a percentage to Average Net Assets 0.05 0.12
Significant Accounting Policies and Notes to the Accounts
VII
In terms of our report attached
For DELOITTE HASKINS & SELLS
Chartered Accountants
On behalf of the Board of Directors
of Tata Trustee Company Limited
Sanjiv V. Pilgaonkar
Partner
Director
Tata Asset Management Limited
Mumbai, July 19, 2012 Authorised Signatory Fund Manager