Standard Chartered MF launches another FMP

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Name of Fund: Standard Chartered Fixed Maturity Plans Yearly Series 18

Scheme: The scheme is close-ended income scheme. The scheme will have two plans Plan A and Plan B. The duration of the scheme will be from the date of allotment to 2 April 2009.

Objective: The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally in line with the duration of the scheme.

Asset Allocation: The fund will invest up to 100% in debt and money market instruments, with low to medium risk profile. The investment in securitised debt will be up to 50% of net asset of the scheme.

Fund Opens: 28 February 2008

Fund Closes: 21 March 2008

Face Value: Rs 10

Investment Options: The scheme provides dividend and growth options.

Entry Load: There will no entry load charged for the scheme due to its close-ended structure.

Exit Load: The scheme charges an exit load of 2.00%, if the investment is redeemed from the date of allotment to 2 April 2009. There will be no exit load charged on the redemption made on maturity.

Minimum Investment Amount: The minimum investment amount under plan A is Rs 5000 and in multiples of Re 1 thereafter. Under plan B, the minimum application amount is Rs 1 lakh and in multiples of Re 1 thereafter.

Minimum targeted amount: Rs 1 crore

Benchmark Index: Crisil Composite Bond Fund Index.

Fund Manager: Mr. Kaushal Singh

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