There were two mistakes in two separate reports that appeared in July 3 and 11 issues of the Financial Express.

The report published in page 9 of the July 3 issue titled 'ICB AMCL, Prime Finance announce NAV of funds' erroneously mentioned the name of Prime Finance. In fact ICB AMCL is the asset manager while ICB is the trustee and custodian of Prime Finance First Mutual Fund.

The report titled 'Trustee shortage hindering mutual fund growth' appeared on page 1 of the July 11 issue similarly dropped the name of ICB AMCL as the asset manager of Prime Finance First Mutual Fund. The inadvertent mistakes are regretted.