DBS Chola Mutual Fund has decided that DBS Chola Interval Income Fund - Monthly Plan A, with specified transaction period is opened for transaction on 15 April 2008.
DBS Chola Interval Income Fund-Monthly Plan A combines the features of open-ended and closed ended schemes, making the fund open for fresh purchase or redemption during pre-determined intervals (monthly) at NAV based prices.
DBS Chola Interval Income Fund-Monthly Plan A is a debt oriented interval income fund with an objective to generate regular income through investments in debt including securitized debt, money market and government securities normally maturing in line with the time profile of the respective plans and also with a provision to offer liquidity at periodic interval.
The specified interval period for the fund is 30 days. The fund will offer liquidity at monthly intervals during the specified transaction period without any payment of entry/exit loads. The specified transaction period for DBS Chola Interval Income Fund – Monthly Plan A would be 15th of every month. In addition, the fund will also offer redemption/ switch-out facility on an ongoing basis, subject to payment of applicable loads.
Post Expenses yield under institutional plan is between 8.10-8.20% and that of under retail plan is 7.80%. The scheme invests 65-100% in debt including securitized debt and money market instruments and 0-35% in government securities. The scheme is having retail and institutional plan with cumulative and dividend options.
The fund is benchmarked to CRISIL Liquid Fund Index.
DBS Chola Interval Income Fund-Monthly Plan A combines the features of open-ended and closed ended schemes, making the fund open for fresh purchase or redemption during pre-determined intervals (monthly) at NAV based prices.
DBS Chola Interval Income Fund-Monthly Plan A is a debt oriented interval income fund with an objective to generate regular income through investments in debt including securitized debt, money market and government securities normally maturing in line with the time profile of the respective plans and also with a provision to offer liquidity at periodic interval.
The specified interval period for the fund is 30 days. The fund will offer liquidity at monthly intervals during the specified transaction period without any payment of entry/exit loads. The specified transaction period for DBS Chola Interval Income Fund – Monthly Plan A would be 15th of every month. In addition, the fund will also offer redemption/ switch-out facility on an ongoing basis, subject to payment of applicable loads.
Post Expenses yield under institutional plan is between 8.10-8.20% and that of under retail plan is 7.80%. The scheme invests 65-100% in debt including securitized debt and money market instruments and 0-35% in government securities. The scheme is having retail and institutional plan with cumulative and dividend options.
The fund is benchmarked to CRISIL Liquid Fund Index.
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