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SCMF launches Premier Equity Fund

CHENNAI: Standard Chartered Mutual Fund is launching its second equity fund, Premier Equity Fund. It is an unrestricted, diversified equity fund with an objective of creating wealth over the longer term. The new fund will open on September 5. The minimum purchase is Rs. 25,000 and in multiples of Rs. 1 for lumpsum and Rs. 5,000 in multiples of Rs. 1 for SIP. There is an exit load of one per cent on redemption within one year from the date of allotment or subscription.

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