Financial Daily from THE HINDU group of publications
Tuesday, Apr 13, 2004
Financial Daily from THE HINDU group of publications Tuesday, Apr 13, 2004 |
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Markets
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Mutual Funds Birla MF launches variants of MIP Our Bureau
Mumbai , April 12 BIRLA Mutual Fund has launched variants of its Monthly Income Plan, named MIP II. MIP II offers to investors two different options - one with an equity cap of 5 per cent, called MIP Savings 5 and the other with 25 per cent equity cap, called MIP Wealth 25 plan. While the savings 5 plan is targeted at the cautious investor with a medium to long-term investment horizon, the Wealth 25 plan is for investors who have a slightly higher appetite for equity exposure, according to Mr S. V. Prasad, Chief Executive Officer, Birla Mutual Fund. The initial public offer of the schemes would remain open from April 12 - 30. The minimum application amount is Rs 5000.
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