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Provident Plan Introduced Under Grindlays GSF

Standard Chartered Mutual Fund has introduced a Provident Plan under Grindlays Government Securities Fund. The fund would be open for subscription from February 24, 2004 to March 17, 2004. The scheme offers two sub plans Plan A (Regular Plan) and Plan B (Institutional Plan) and the sub-plans offer two options - Dividend and Growth. Under the Growth Option the following sub options are available viz Growth-Normal, Growth Appreciation and Growth-Defined Maturity Date. The minimum investment is Rs. 500 and in multiples of Rs. 1 under the Plan A and Rs. 2500001 and in multiples of Rs. 1 for Plan B.