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Standard Chartered MF to Launch GFMP-12

Standard Chartered Mutual Fund has decided to launch 13-month Grindlays Fixed Maturity Plan -12 with the maturity date of June 12, 2006. The fund seeks to achieve growth of capital by investing in a portfolio of fixed income securities, normally in line with the duration of the scheme. The fund's IPO begins on April 29, 2005 and would continue till May 05, 2005. The fund calls for a minimum investment of Rs 500 and in multiples of Re 1 thereafter. The fund offers growth and dividend options.