Tuesday, October 14, 2008

LIC Mutual Fund Postpones Dhanvarsha Launch - Oct 14, 2008

The LIC Mutual Fund has postponed the launch of its new monthly income scheme called 'Dhanvarsha (10)' due to unavoidable circumstances. The scheme was scheduled to be launched on July 7. The fund would announce the fresh date of the opening of the scheme in due course.

The Mutual Fund said there would be no collections under the scheme at the designated bank branches all over the country, according to a release. The fund has also advised its marketing network of agents, chief agents, area offices, branches and divisional offices and designated collecting bank branches not to commence collections under the scheme.

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