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Standard Chartered MF's floating rate fund
CHENNAI: Standard Chartered Mutual Fund has launched its forthcoming IPO for Grindlays Floating Rate Fund - Long Term (GFRT-LT) plan. The public issue for GFRF-LT plan opened for subscription from July 19 and will close on July 30. According to a release, it is available through all leading banks and financial advisory houses across major metros that offer SCMF products. The GFRF-LT will invest in long duration floating rate instruments to provide a safe and higher return to long term investors.
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