Chase Manhattan Corp., seeking to attract do-it-yourself investors, is planning to launch a family of no-load mutual funds on a pilot basis.

The new Chase Funds, which are to be offered to retail customers starting in August, were created in January from a set of co-mingled funds managed by Chase Bank of Texas. Since then they have been sold through Chase Manhattan to institutional retirement clients, including 401(k) plans. Assets under management have swelled 55%, to $650 million.

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