BOB MIP fund is an income plan that will invest predominantly in debt and related securities. The minimum subscription is Rs 5,000.

There is no entry load; the exit load is 0.5 per cent if redemption is made within one year for investments up to Rs 25 lakh.

BOB NRI Fund will invest predominantly in debt instruments. The fund offers three plans- Short Term Bond Plan, Long Term Bond Plan and Flexi-Asset Plan.

The minimum subscription is Rs 50,000. An entry load of one per cent is charged for the flexi-asset plan alone.

An exit load of 0.5 per cent is charged in the case of the long-term plan in case redemption is within six months.

BOB Children Fund offers two plans- Gift Plan and Study Plan.

Under the gift plan, investment in equity will range from 25-49 per cent of total assets, while under the study plan, investment in equity will be between 0-20 per cent.

The minimum subscription is Rs 5,000. An exit load of 1 per cent is charged if redemption is within three years.

The minimum application amount is Rs 1,00,000. The initial public offer opens on August 31,2004 and closes on September 1,2004.

A draft offer document of LIC Floater MIP has been filed with SEBI. The fund will invest in floating rate instruments or fixed rate swapped for floating rate instruments.

BL Research Bureau

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page