Alliance Capital Mutual Fund has launched an open-ended Short-term Plan. The fund's initial offer is open for subscription for two days - April 18 and 19, 2002. However, the earliest closing date is April 18, 2002. It is a no-load fund and the initial issue expenses will be borne by the AMC. The fund will invest 100 per cent of its assets in debt and money market instruments having maturity less than one year.
The fund offers two options - Growth and Dividend re-investment plan. Entry into the fund requires a minimum investment of Rs 5,000 and in multiples of Rs 1,000 thereafter.
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