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Tata launches debt fund

Tata Mutual Fund has launched its Tata Gilt Mid Term Fund today (May 20). This open-ended debt scheme is benchmarked off I-SEC Composite Index. It will predominantly invest in government securities with a maturity of up to 15 years. The fund is managed by Tata Asset management Limited (TAML) with Standard Chartered Banks as its custodian. Total expenses amount to…

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