Chennai-based Kothari Pioneer Mutual Fund announced the launch of its Balanced Fund in the city yesterday. The fund will be open for subscription from November 15 to December 10.
The scheme will reopen for sale and repurchase on an ongoing basis from January 17, 2000. A load of two per cent will be charged at the net asset value.
"With this scheme, we will be offering the entire gamut of products under a single roof," said Vivek Reddy, chief executive officer, Kothari Pioneer, at a press conference.