Zurich India Mutual Fund has introduced a Short Term Plan in Zurich India High Interest Fund and a Call Plan in Zurich India Liquidity Fund. Both the Plans will be initially open for subscription from february 04 to February 06, 2002.
The Short Term Plan under Zurich India High Interest Fund will invest in high quality debt and money market instruments largely with residual maturity of less than two years. The fund offers a Dividend Option (with a re-investment alternative) and a Growth Option. The minimum application amount is Rs 1000. There is no entry load. CDSC of 0.25% is applicable if redeemed within 1 month. The fund is ideal for investors with near-term investment horizons.
The Call Plan in Zurich India Liquidity Fund will predominantly invest in call money markets, overnight reverse repos in government securities and other debt securities with overnight maturity or liquidity. This Plan offers a Daily Dividend Option (with re-investment facility only) and a Growth Option. The minimum application amount is Rs 1 lakh. The plan carries no entry or exit load.