Dhanavarsha (13), launched in September 1998 as a five-year closed-ended scheme is being prematurely redeemed on September 30, 2002. The redemption has been preponed by an year.
There is a book closure in the scheme from September 23 to September 27. During this period, there would be no repurchase or transfer under the scheme. The units would be redeemed at NAV as on September 30, 2002, but at not less than Rs 10 per unit for the monthly or yearly options and at the corresponding NAV for cumulative option. The NAV of the Cumulative Option is Rs 15.2231 and Rs 9.8397 for Monthly Option, as on September 16, 2002.