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NAMAL Income Fund (NIF) announced its first interim distribution of Rs.0.75 per unit for the first six months ended June 30, 2002. The distribution is made out of its investment income after expenses made during the first six months, an NIF press release said.

The NIF provides an opportunity to investors who have no time to manage their money or do not have the required skills to manage their money in a complex financial market.

In this Fund all investments are in fixed income securities which carry low risk thus ensuring safety to the capital invested.

The returns from the portfolio are regularly distributed to its investors.

"This Fund is managed by professionals at NAMAL who have long years of experience in managing funds,'" the release said.

NIF distributes its income to its investors every six months in July and January on a continuous basis. The investors in this Fund have the option to take cash or reinvest to accumulate savings for the future needs, said S. Jeyavarman, CEO of NAMAL.

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Copyright 2001 The Associated Newspapers of Ceylon Ltd.
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