Date:23/07/2004 URL: http://www.thehindu.com/2004/07/23/stories/2004072304951503.htm

Business - Briefly

Standard Chartered MF's floating rate fund

CHENNAI: Standard Chartered Mutual Fund has launched its forthcoming IPO for Grindlays Floating Rate Fund - Long Term (GFRT-LT) plan. The public issue for GFRF-LT plan opened for subscription from July 19 and will close on July 30. According to a release, it is available through all leading banks and financial advisory houses across major metros that offer SCMF products. The GFRF-LT will invest in long duration floating rate instruments to provide a safe and higher return to long term investors.