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GIC Liquid Fund Collects Rs 100 crore

GIC Mutual Fund has mobilized more than Rs 100 crores in its newly launched scheme, GIC Liquid Fund in the Initial Public Offer which closed on January 11, 2002. The scheme will re-open for ongoing subscriptions on January 21, 2002.

As on December 31, 2002, the total assets of GIC Mutual Fund was Rs 257.14 crore with GIC Fortune '94 as the biggest fund with net asset of Rs 139.48 crore.