INDIAN BANK MUTUAL FUND

 

Indian Bank Mutual Fund (IBMF) was formed as a Trust during 1990 sponsored by Indian Bank with a corpus of Rs. 25 lakhs.  The schemes of IBMF were managed by the Trust during the years 1990-1994.  To comply with the SEBI (MF) Regulations, 1993, Indfund Management Ltd. (IFML), the Asset Management Company was formed during January 1994 as a wholly owned subsidiary of Indian Bank with a paid up capital of Rs.5 crores.  Since January 1994, the schemes of IBMF are being managed by IFML.  IBMF launched 12 close-ended schemes and raised Rs.627.10 crore.  Out of the 12 schemes 9 schemes were redeemed on maturity dates.  Three schemes, i.e., Ind Navratna, Ind Shelter and Ind Tax Shield schemes were transferred to Tata Mutual Fund during November 2001.

 

The following schemes of Indian Bank Mutual Fund have been redeemed and the redemption value can be obtained by submitting completed redemption application along with Unit Certificates.

 

Name of the Scheme

Date of

redemption

Redemption price per unit Rs.Ps.

Ind Ratna (1990)

31.01.1996

         14.14

Ind Ratna (Rolled Over)

21.02.2001

         17.66

Swarna Pushpa (Monthly) (1990)

31.01.1996

       101.72

Swarna Pushpa (Yearly) (1990)

31.01.1996

       101.72

Swarna Pushpa (Monthly) Rolled Over

31.03.1999

       100.00

Swarna Pushpa (Yearly) Rolled Over

31.03.1999

       100.00

Ind 88 A

31.03.1996

       128.07

Ind Moti

30.06.1997

           7.72

Ind Jyothi A

31.03.1998

           8.54

Ind Jyothi B

31.03.1998

         20.02

Ind Prakash A

30.11.1999

         10.00

Ind Prakash B

31.11.1999

         19.11

Ind Sagar

15.06.2001

         19.22

 

 

The following offices can also be contacted for the Redemption forms:

Indfund Management Limited

Indfund Management Ltd

Spencer Towers, 5th floor

City Ice Building, 1st floor,

770-A, Anna Salai

298, Perin Nariman street, Fort,

Chennai – 600 002

Mumbai – 400 001

Tel:  044-2849 0436 / 37

Tel:  022-2267 1362 / 2267 7083

 

Investors of Ind Shelter, Ind Tax Shield and Ind Navratna schemes are requested to approach Tata Mutual Fund for redemption or any other queries at the following address:

Tata Asset Management Ltd

Mulla House, Ground floor

51 M G Road, Near Flora Fountain

Mumbai – 400 001

 

Toll Free No. 1800 209 0101
Fax: 022-66178200

Email:vpoojari@tataamc.com

        vkoppiker@tataamc.com  

Ind Shelter scheme matured on 31.03.2002. Tata Mutual Fund has sent redemption warrant to all the unit holders during the last week of April 2002.

 

Ind Taxshield scheme was redeemed on 31.03.2003. Tata Mutual Fund has automatically classified the unredeemed folios under the above scheme to Tata Equities Opportunities Fund (open ended scheme) and also sent the Statement of Account to all the investors having unredeemed units.

 

Ind Navratna (Rolled Over) scheme was redeemed on 31.03.2004. Tata Mutual Fund has automatically classified the unredeemed folios under the above scheme to Tata Growth Scheme (open ended) and also sent the Statement of Account to all the investors having unredeemed units.