Annual Report for Fixed Maturity Schemes - Tata Mutual Fund

Revenue Account of Tata Fixed Income Portfolio Fund - Scheme B2
for the year ended 31st March, 2012
INCOME
Schedule Year Ended Year Ended
31-Mar-12
31-Mar-11
Rs.
Rs.
Interest VI 195,452,091 83,749,053
Profit on sale / redemption of investments (other than inter-scheme
transfer/sale)
482,382 88,044
Profit on inter- scheme transfer / sale of investments 5,497,255 430,804
Other income - 7,200
TOTAL (A) 201,431,728 84,275,101
EXPENSES AND LOSSES
Loss on sale / redemption of investments (other than inter-scheme
transfer/sale)
1,461,944 -
Loss on inter scheme transfer / sale of investments 1,790,613 3,952,954
Management fees 1,093,723 1,076,325
Trusteeship fees 682,119 365,280
Commission to Agents [net of load utilised of Rs. 58,242/-
(previous year Rs.146,625/-)]
926,051 -
Publicity expenses 61,512 -
Audit fees 16,854 71,695
Other operating expenses 254,161 85,872
Custodian fees & expenses 52,944 -
Registrar's fees & expenses 9,827 -
Provision for diminution in value of investments 439,624 230,872
TOTAL (B) 6,789,372 5,782,998
Surplus ( A - B ) 194,642,356 78,492,103
(Decrease)/Increase in unrealised appreciation in value of investments (575,400) 575,400
Surplus after considering unrealised appreciation in value of
investments
194,066,956 79,067,503
(Less) : Income Equalisation Account (Refer Note B 1.5 of
Schedule VII)
(21,996,489) (10,362,906)
172,070,467 68,704,597
Add : Surplus brought forward 14,445,579 1,490,433
Surplus after adjustments 186,516,046 70,195,030
Appropriations
Income Distribution 120,923,154 46,069,970
Tax on dividend distributed 35,151,664 9,679,481
Surplus carried forward to Revenue Reserve 30,441,228 14,445,579
Income as a percentage to Average Net Assets 9.57 7.59
Recurring Expenses as a percentage to Average Net Assets 0.15 0.15
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