Financial Daily from THE HINDU group of publications
Wednesday, Jun 02, 2004
Financial Daily from THE HINDU group of publications Wednesday, Jun 02, 2004 |
||
|
|
||
|
Markets
-
Mutual Funds StanChart MF to launch `fund of funds' scheme Our Bureau
Mumbai , June 1 STANDARD Chartered Mutual Fund is launching a `fund of funds' scheme, to provide stable returns and make available an investment avenue for a longer horizon, according to the details filed in the offer document with SEBI. The investment objective of the fund is to optimise returns through investments in debt-oriented mutual funds and money market instruments. The fund offers three options - regular, institutional and super institutional. The super institutional plan is for non-individuals who would invest a minimum amount of Rs 1 crore in the fund. The Fund of Funds scheme, available with dividend and growth options, does not carry any entry load. Exit load of 0.5 per cent will be charged for the regular plan where amount invested is less than Rs 10 lakh and investment is redeemed within 6 months, stated the document.
More Stories on : Mutual Funds
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|