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 address of our Corporate office at Mumbai:

Indfund Management Limited

18th Floor, Maker Towers 'F' wing

Cuffe Parade, Mumbai – 400 005

Tel:  022-22151786, 22151796

Fax:  022-22151783

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

Indfund Management Limited	Indfund Management Ltd
Spencer Towers , 5th floor	18th Floor, Maker Towers 'F' wing
770-A, Anna Salai	Cuffe Parade, Mumbai – 400 005
Chennai – 600 002	Tel: 022-22151786, 22151796
Tel:  044-2849 0436 / 37	Fax: 022-22151783

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:kiran@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.