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BoB Mutual Launches New Schemes

BoB Mutual Fund has launched two open-ended schemes: BoB Growth and BoB Balance. The schemes would be available for initial offer from August 14, 2003 to September 3, 2003. The minimum subscription would be Rs 3000 and in multiples of Rs 1000 thereafter.

There are Growth and Dividend options available under both the schemes. They carry an entry load of 1.50 per cent but no exit load. BoB Growth aims to invest atleast 75 per cent in equities and upto 25 per cent in debt securities. While BoB Balance aims to invest 51 to 75 per cent of its assets in equities and 25 to 49 per cent in debt securities.