kotharimip

KOTHARI PIONEER MONTHLY INCOME PLAN

Initial offer opens: September 11, 2000
Closing Date: September 28, 2000
Nature of Scheme: Open Ended
AMC: Kothari Pioneer AMC Limited
Load:No Entry Load. Exit Load of 1% if redeemed within six months of purchase.

Continuous Offer opens: October 16,2000
Sponsor: Pioneer Investment Management Inc. and The Investment Trust of India Limited
Minimum subscription: Rs.10,000/- and in multiples of Rs.1000/- thereafter.

Objective of the present fund: The objective of the scheme is to provide regular income.
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Highlights

No Entry Load
Option of Monthly and Quarterly Dividend Plans and Growth Plan
Dividends distributed are tax free in the hands of investors

Strategy of investment

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Under normal circumstances the fund proposes to invest 80% of investible funds in Fixed Income instruments including cash and money market instruments and the balance in Equities.

Schemes launched by Kothari Pioneer Mutual Fund

Kothari Poineer Mutual Fund has launched several schemes catering to the needs of all categories of investors in different sectors. Tax shields from the year 95 onwards for tax payers, Pension schemes for pensioners, Gurantee Income Plans and Income Builders Accounts for risk aversed investors, Children Asset Plan for parents, Pharma, Bluechip, Internet , Balanced, FMCG, Info, Prima etc., schemes for others.

Performance overview of Income schemes of Kothari Pioneer Mutual Fund

Name of the Fund	NAV as on 1.09.2000	NAV as on 1.08..2000	NAV as on 1.07.2000	NAV as on 1.06.2000	NAV as on 1.05.03.2000	NAV as on 1.04.2000
Kothari Income Builder	14.70	14.55	14.67	14.67	14.59	14.37
Children Asset Plan	12.83	12.73	12.76	12.60	12.46	12.34
Gurantee Income Plan	10.91	10.85	10.95	10.74	10.65	10.49

Comparative Analysis of similar other funds

Name of the Fund	NAV as on 01.09.2000	NAV as on 01.08.2000	NAV as on 01.07.2000	NAV as on 01.06.2000	NAV as on 01.05.2000	NAV as on 01.04.2000
Alliance Monthly Income (Gr)	12.81	12.55	12.81	12.59	12.57	12.82
ING Income Portfolio(Gr)	11.43	11.34	11.39	11.35	11.27	11.15
Prudential ICICI Income Plan (Gr)	12.76	12.70	12.74	12.72	12.69	12.44

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The NAVs of the above funds are steadily growing. A careful study of the above table reveals that the returns are increasing at a slow pace but with constant appreciation. Unlike Balanced and Growth funds the unprecedented upheavals in the stock market did not have much impact on NAVs of these income funds.

Risk Perception

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A careful observation of the performace of the fund indicates that the fund has been giving reasonable yields to the investor in all the income schemes launched by it. Compared to Tech and Balanced funds, Income funds gave satisfying returns to investors. Investors who are risk averse and need regular income can think of investing in this fund.