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DBS Chola MF launches FMP Series 10
DBS Chola Mutual fund has announced the launch of its close-ended income
scheme, DBS Chola Fixed Maturity Plan-Series 10 -Quarterly Plan II. The
initial issue of units is at Rs.10 per unit. The fund opens for subscription
on 5 September and will close on 11 September 2008.

The scheme is a close ended with an aim to generate regular returns and
capital appreciation by investing in debt including securitized debt,
Government and money market securities maturing in line with time profile of
the respective plans. The maturity of the fund is 91 days.

The minimum application amount is Rs 5000 and in multiples of Re 1
thereafter. The entire corpus under the scheme will be invested in money
market instruments, corporate bonds, debt and govt. securities. Investors
can opt between a cumulative or dividend payout.

The scheme doesn?t ask for an entry load. Redemptions before the maturity
date will be subject to 0.50% exit load.

The Benchmark for the fund will be CRISIL Liquid Fund Index. The scheme will
be managed by Ankur Parekh.


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