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Closed Down Funds

GIC Mutual fund was taken over by Canbank Mutual fund

08-Jul-2009•Value Research

I had purchased the GIC Growth Fund and GIC Tax Saver Growth in 1994. I am unable to get any information regarding the present position of these funds. Kindly help me with the same.
- S.K.Sharma

You are not getting any information regarding these funds because both of these schemes are closed. GIC Growth was closed in March 2003 while GIC Tax Saver Growth was closed in March 2004. GIC Mutual Fund was taken over by Canbank Mutual Fund, which is now Canara Robeco Mutual Fund. So, you will have to write an application to Canara Robeco Mutual Fund for the redemption.

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