Tata Mutual Fund
The Economic Times — October 10, 2005

Icra has assigned a credit risk rating of mfA1+ to Tata Liquid Fund (TLF) and mfAAA to Tata Floating Rate Short-Term Fund (TFRSTF). Icra has also retained the credit risk rating of mfAAA to Tata Income Fund (TIF). The ratings are the highest credit-quality short-term ratings assigned by Icra to debt funds. This scale applies to debt funds with weighted average maturity up to one year. Such funds would generally include liquid funds and cash funds.

Benchmark maturity for this scale is 12 months. The grading should, however, not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. Icra's mutual fund rating methodology is based on evaluating the inherent credit quality of the fund's portfolio.