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Bonus Option in the IL&FS Bond Institutional

IL&FS Mutual Fund has announced the introduction of Bonus Option under IL&FS Bond - Institutional Plan. The Bonus Option will be carved out of the Growth Option and will be open for subscription on March 16, 2004. The record date for declaration of the first Bonus under this option is March 23, 2004. The portfolio of the plan will be common to that of the Growth Option.