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First India To Launch Short Term Plan

First India Mutual Fund is introducing a Short Term Plan under its Income Fund. The fund's initial offer would be open for subscription from September 3, to September 9, 2002.

The fund offers two options - Growth and Dividend. The minimum investment amount is Rs 25,000. All initial issue expenses will be borne by the AMC. But, on an on-going basis the fund would charge an exit load of 0.25% if redeemed within 30 days.