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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.
| 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 |
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