DBS Chola MF launches FMP – Series 9

DBS Chola Mutual Fund has launched DBS Chola Fixed Maturity Plan – Series 9 (13 months plan). The fund is a close ended income scheme with an objective to generate regular returns and capital appreciation by investing in debt (including securitised debt), government and money market securities normally maturing in line with the time profile of the respective Plans. .(View - New Fund Offers open NOW)

The fund would offer redemption facility on the maturity date without the payment of any load. The new fund offer opens for subscription on June 18, 2008 and will close for subscription on June 26, 2008. Redemptions before the maturity date will be subject to 2% exit load.

The fund offers retail and institutional plans. The minimum application amount is Rs 5000 and in multiples of Re 1 under the retail plan and Rs 10,00,000 and in multiples of Re 1 under the institutional plan. The scheme will not charge any entry load during the initial offer. Exit load of 2% if the investment is redeemed before maturity of the scheme.

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