Sun F&C Money Value Fund has revised its investment pattern under both Liquid and Bond Option.
Under Liquid Option, the fund will now invest a minimum of 75 per cent of its corpus in debt and money market instruments having an average maturity of less than or equal to 367 days instead of 50 per cent, earlier. Maximum exposure limit in long-term debt instruments (having average maturity of more than 367 days) has been reduced from 50 to 25 per cent.
Under Bond Option, the fund has raised its maximum exposure limit from 90 per cent to 100 per cent in long-term debt instruments (having average maturity of more than 367 days). And exposure in short-term debt instruments (including money market instruments) can vary between 0 to 100 per cent instead of a minimum investment limit of 10 per cent, earlier.
All unit holders under the above schemes who are not in agreement with the proposed change have the option of redeeming their units without any exit load till January 7, 2002.