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IDBI-Principal Cash Mgmt. Revises Cut-off Time


IDBI-Principal Cash Management Fund has revised the cut-off time for repurchase of units under its both plans - Liquid Plan and Call Plan, with effect from April 10, 2002.

Under the Liquid plan, the new cut-off time will be 3.30 p.m. as against 10 a.m. earlier. The same day's NAV will be applicable if the application is received before the cut-off time. The application received after this cut-off time will be considered as received on the next business day.

In the Call plan, the new cut-off time will be 9.30 a.m. Earlier, the same was 10.00 a.m. The previous day's NAV will be applicable for redemption applications received before the cut-off time. And the applications received after the cut-off time will be considered as received on the next business day.