Canbank Mutual Fund proposes to change the name of Can Short Term Plan to Can Liquid plus. The changes will be effective from 21 August 2007.
After the proposed conversion, the fund would offer income option, daily dividend reinvestment option and growth option under its retail plan and daily dividend reinvestment option, weekly dividend reinvestment option, weekly dividend payout option and growth option under its institutional plan.
The minimum subscription amount for the fund would be Rs.5000 and Rs 50 Lakhs under the retail and institutional plan, respectively.
The benchmark index for the above scheme would be Crisil Liquid Fund Index.
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