New Fund * Standard Chartered Enterprise Equity Fund *

Standard Chartered Mutual Fund has launched a different type of equity fund which will invest in the stock IPOs.

This fund is a three year close-ended fund which will primarily invest in the stock IPOs and set the rest of the money in different low risk avenues hence, it will enable retail investors to participate in the stock IPOs through the Qualified Institutional Bidder (QIB) route.

Stock investors who prefer to invest in IPOs ( as they think it is less risky as compared to investement made in secondary market will find this offering thia relatively new fund house. Moreover, with its three lockin it will also obviate tax headache which which one has to pay upon selling of share within a year of the allotment made.

This fund is now available for subscription from April 18 to May 16, 2006.