NETWORK18

Top Searches » Trust Vote, Somnath Chatterjee

Play » Crosswords | Sudoku

CASH IN: The fund nears redemption on May 31 and it's corpus stands at Rs 8000 crore.

CASH IN: The fund nears redemption on May 31 and it

Fund houses target US-64 bond holders

Fund houses in India are working overtime trying to bag Rs 8,000 crore in new accounts. That's because India's oldest mutual fund, US-64, is gearing up for redemption on May 31. If you had invested Rs 1 lakh in India's first mutual fund 44 years ago - the 'unit scheme 64' or US-64 -you'd have 28 times that amount today.

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us

© 2008 IBNLive.com India. All Rights Reserved. A Web18 Venture