Financial Daily from THE HINDU group of publications
Tuesday, Dec 09, 2003
Financial Daily from THE HINDU group of publications Tuesday, Dec 09, 2003 |
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Markets
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Mutual Funds Industry & Economy - Small Savings PF scheme from BOB Mutual Fund Our Bureau
Mumbai , Dec. 8 BOB Mutual Funds has floated the BOB PF Plan under its gilt fund. This is subsequent to the Government permitting provident fund trusts to invest in mutual funds, said a press release. The plan is available for subscription from December 9-22. The primary objective of the plan is to generate regular income with growth of capital through investments in Government securities with a long-term horizon, according to Mr N.L. Khurana, Managing Director, BOB Asset Management Co Ltd.There are no entry and exit loads on the scheme and the company plans to offer an additional incentive of 0.5 per cent of the initial investment for all investors who are in the scheme for a minimum period of six months, the company said.
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