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Tata Mutual Renames Tata Ind Navratna


Tata Mutual Fund has announced the change in name of Tata Ind Navratna Fund. It will be renamed as Tata Growth Fund. Currently it is a closed-end fund, effective March 31, 2004 it will be converted into an open-ended fund. It will offer growth and dividend options. Minimum investment of scheme would be Rs 5000. The fund would not charge any entry load but an exit load of 2 per cent if redeemed within an year.