Income Distribution Declared for 2 Tata Mutual Fund Schemes

Tata Mutual Fund has announced income distribution under the IDCW (Income Distribution cum Capital Withdrawal) option for two of its schemes. The record date for this distribution has been set for today, April 2, 2025.

Applicable Schemes 

The two schemes for which income distribution has been declared are Tata Equity Savings Fund and Tata Hybrid Equity Fund. Under each of these, both the direct and regular IDCW plans will see payouts.

The distribution amount for Tata Equity Savings Fund, under both the Direct IDCW and Regular IDCW plans, has been declared at ₹0.058 per unit. For Tata Hybrid Equity Fund, the amount stands at ₹0.350 per unit under both Direct and Regular IDCW plans.

Record Date and Eligibility

Investors holding units in any of the IDCW options of the above schemes as of the record date – April 2, 2025, will be eligible to receive the announced distribution. Units must be held before the ex-dividend date for the distribution to apply.

Tax Implications

The income received under the IDCW option is subject to taxation as per the investor’s applicable income tax slab. It is treated as income from other sources and taxed accordingly. Investors should also be aware of any applicable TDS (Tax Deducted at Source) rules if they fall under specific categories.

No Change in NAV Impact

It’s important to note that the NAV (Net Asset Value) of the respective schemes will reduce to the extent of the income distribution declared, post the record date. This is a standard adjustment and reflects the payout made to the unit holders.

Conclusion

The announced IDCW payouts apply to specific plans under two Tata Mutual Fund schemes and are scheduled based on holdings as of April 2, 2025. Investors subscribed to the IDCW options of these funds should take note of the record date for potential payouts.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.