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Alliance MF Changes NAV Format for Debt Funds

Alliance Mutual Fund would start declaring the NAVs of its debt funds to four decimal places now. The changed format would come into effect from August 26, 2002 for Alliance MIP and Alliance Income Fund, from August 28, 2002 for Alliance Term Plan, from August 30, for Alliance Short Term Fund and Alliance Government Securities Fund.

This is being done pursuant to a SEBI directive issued today which specifies that all debt funds are required to have 2 digits followed by 4 decimal NAVs.