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Grindlays Super Saver removes load in Short-Term Plan

Grindlays Super Saver Income Fund has removed the contingent sales load in its short-term plan with effect from the close of business hours on June 15, 2001. The Fund earlier charged an exit load of 0.25% for the redemptions made between 30 days form the date of investment.

Grindlays Super Saver Income Fund-Short term (GSSIF-ST) was launched in December 2000 with a view to rope in the investors have investible surplus for one to six months time period. The Fund has posted a simple return of 4.6 per cent till date.