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Birla Mutual To Launch Another FMP Plan


Birla Mutual Fund will launch Fixed Maturity Plan 1 Year -Group 4. The scheme will be open for subscription from September 2, 2002 to September 5th, 2002. Minimum subscription will be for Rs. 25,000 and in multiples of Rs. 10,000. It is a yearly plan with a maturity of 379 days from the close of subscription. The fund carries no entry load but an exit load of 4% if redeemed before maturity. It offers Growth and Dividend option, investor can also reinvest their dividends.