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IL&FS Mutual Launches Fixed Maturity Plan

IL&FS Mutual Fund has launched a 91-day Fixed Maturity Plan. The scheme, which is structured as a short-term plan of the IL&FS Liquid Account, aims to provide investors with predictable returns through investments in money market instruments. The initial offer will be open from October 19, 2001 to October 30, 2001. While the fund does not charge an entry load, it contains an exit load if investments are redeemed before 91 days. IL&FS Mutual Fund has also introduced a 'Switch' facility whereby investors can transfer investments to the new plan from any of the existing schemes of the fund.