Standard Chartered Introduces Institutional Plan

Standard Chartered Mutual Fund is introducing an Institutional Plan in Grindlays Super Saver Income Fund-Short Term and Grindlays Cash Fund, effective February 25, 2003. The initial investment amount for each plan is Rs 5 crores and in multiples of Re 1 thereafter. The new plans will have the same investment portfolio as the existing schemes. The plans are specifically meant for investment by the institutions and individuals are not permitted to invest.