DBS Chola Mutual Fund has extended the offer period for DBS Chola Infrastructure Fund. Now the offer would close on 11 September 2007 instead of 6 September 2007. DBS Chola Infrastructure Fund is a close-ended equity scheme that seeks to generate capital appreciation by investing in equities of companies that are expected to benefit from the infrastructure development happening in the country. The fund will have a diversified portfolio of companies engaged in the infrastructure sectors such as Cement, Power, Telecom, Oil and Gas, Ports, Construction, Banking, Engineering etc. The fund aims to provide optimum risk adjusted long term returns by capitalizing on the opportunities available in the infrastructure sector.
DBS Chola Infrastructure Fund is a 3 years close-ended equity fund with an automatic conversion into an open-ended scheme on expiry of 3 years from the date of allotment.
There will be no entry load charged for the investment under this scheme. But the scheme charges an exit load of 2.00% for the investment redeemed within 12 months of investment. The scheme charges an exit load of 1.00%, if that investment is redeemed between 12 months to 24 months from investment. The exit load will reduce further to 0.50%, if that investment is redeemed between 24 months to 36 months from investment.
The fund will invest up to 65%-100%; in equity & equity related instruments and 0%-35% in debt securities and money market instruments. The investment in securitised debt would be up to a maximum of 35% of the net asset allocation of the scheme
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