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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, M/s Indfund Management Ltd. (IFML), an 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 were 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, viz; Ind Navratna, Ind Shelter and Ind Tax Shield schemes were transferred to Tata Mutual Fund during November 2001. Consequent to a Scheme of Amalgamation approved by the Hon’ble High Court of Bombay, IFML has been since merged with Indian Bank on 07.09.2012 and the Trust (IBMF) is functioning from   INDIAN BANK, Corporate office, Chennai –600014.

The following schemes of Indian Bank Mutual Fund have been redeemed and the redemption value can be obtained by submitting completed redemption application along with Unit Certificates.

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



  The following offices can also be contacted for the Redemption forms:

OFFICE
REGISTRAR

INDIAN BANK MUTUAL FUND

M/s CAMEO Corporate Services Ltd

C/o INDIAN BANK,Corporate Office, Accounts Dept

UNIT-INDIAN BANK MUTUAL FUND ,`Subramanian Building

254-260, Avvai Shanmugam Salai

No 1, Club House Road Chennai 600 002

Royapettah, Chennai 600 014

Phone: 044- 28460718 Fax: 044- 28460129

Phone: 044-28134168 Fax: 044-28134170

E-mail: investor@cameoindia.com

E-Mail: ibmf@indianbank.co.in




Investors of Ind Shelter, Ind Tax Shield and Ind Navratna schemes are requested to approach Tata Mutual Fund for redemption or any other queries at the following address:

Tata Asset Management Ltd

Mulla House, Ground floor

51 M G Road , Near Flora Fountain

Mumbai – 400 001

Toll Free No. 1800 209 0101
Registrar- MCS Ltd - Tel: 022-23726253, /55/ 56

Schemes Transferred to M/s Tata Mutual Fund:

Ind Shelter scheme matured on 31.03.2002. Tata Mutual Fund has sent redemption warrant to all the unit holders during the last week of April 2002.

Ind Taxshield scheme was redeemed on 31.03.2003. Tata Mutual Fund has automatically classified the unredeemed folios under the above scheme to Tata Equities Opportunities Fund (open ended scheme) and also sent the Statement of Account to all the investors having unredeemed units.

Ind Navratna (Rolled Over) scheme was redeemed on 31.03.2004. Tata Mutual Fund has automatically classified the unredeemed folios under the above scheme to Tata Growth Scheme (open ended) and also sent the Statement of Account to all the investors having unredeemed units.

 

 

 
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