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Standard Chartered Imperial Equity Fund

Standard Chartered Mutual Fund has launched yet another equity fund. Named as Standard Chartered Imperial Equity Fund, the scheme is open for initial subscription between January 30 to February 21, 2006.

The fund would invest 65-100 per cent of its assets in equities and related instruments, while it can invest up to 35 per cent of its assets in debt, securitised debt and money market instruments.

The fund won't charge any entry load during the new fund offer period but would levy an exit load of 2.25 per cent for purchases of less than Rs 5 crore and if redeemed within one year from the date of allotment. After the NFO period, the fund would charge an entry load of 2.25 per cent on investments less than Rs 5 crore.