DBS Chola MF launches New FMP

DBS Chola Mutual Fund has launched DBS Chola Fixed Maturity Plan- Series 7 (12 months plan). It is a close-ended income scheme. The NFO period for the scheme is from 15 June 2007 to 27 June 2007.The minimum application amount is Rs 5000/- and in multiples of Re 1/- thereafter. The issue price is Rs 10 each. There is an exit load of 2% on investments redeemed before maturity. The scheme offers two options viz. growth option and dividend payout.

The investment objective of the scheme seeks to generate regular returns and capital appreciation by investing in debt, government and money market securities normally maturing in line with the time profile of the plan.