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Dundee Mutual Fund Announces Changes in Dundee Liquidity Fund


Dundee Mutual Fund has announced changes in the Allotment and Redemption Policy for Dundee Liquidity Fund. The changes would come into effect from September 1, 2001. The cut-off time for subscriptions to the scheme has been changed to 10.30 a.m. The units would be allotted at the previous day's NAV while those received after 10.30 a.m. would be affected at that day's NAV. For redemptions, the cut-off time has been fixed as 11.00 a.m. and all requests received till 11.00 a.m would be affected at that day's NAV and those offered after 11.00 a.m. would be processed at that day's NAV. The unit holders have been given the option to exit from the scheme without any load upto August 31, 2001.