IL&FS Mutual Fund is launching a Call Plan under IL&FS Liquid Account. The plan would invest 65 to 100% of its investments in money market, call money, government securities and cash and up to 35 percent in debt. The fund is open for initial offer from August 27 to August 30, 2002. It would open for ongoing sales and subscription from September 2, 2002. The minimum initial subscription required is Rs 10 lakhs and in multiples of Rs 1 lakh subsequently. The fund would be a no load fund.
Currently, IL&FS Mutual Fund manages eleven funds with an asset base close to Rs 663 crores.