Mumbai: DBS Chola MF has announced the launch of DBS Chola Fixed Maturity Plan – Series 9 which is a 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 securitized debt), government and money market securities normally maturing in line with the time profile of the respective plans.
The fund would offer redemption facility on the maturity date without the payment of any load. The new fund offer opens for subscription on 18June, 2008 and will close for subscription on 26June, 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 Rs5000 and in multiples of Rs1 under the retail plan and Rs10,00,000 and in multiples of Rs1 under the institutional plan.