The fund will invest in sectors such as IT, pharma, banking, cement and infrastructure to name a few.

The fund will have a flexible investment style, with no stringent cap on the amount that can be invested in a particular sector.

The fund charges an entry load of 2.25 per cent. The offer closes on August 25.

The fund will, for the present, invest only in in-house debt funds.

It offers retail and institutional plans. The minimum investment amount is Rs 500 for the retail pan and Rs 1 crore for the institutional plan. The offer closes on August 27.

The Core-Satellite fund will invest 60 per cent of the total assets in liquid, large-cap stocks and 40 per cent in more illiquid, mid-cap stocks.

The Multiple Yield Fund will invest 85 per cent of its assets in debt instruments and the remaining in equities that offer a dividend yield of 4-8 per cent over a 14-18 month -period.

The TAP fund will invest in textile and pharmaceutical stocks, which are expected to benefit from increasing trade opportunities in 2005.

The Medium Term Income Fund will invest predominantly in medium -term fixed income securities.

BL Research Bureau

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