DBS Chola MF launches Hedged Equity Fund

Kolkata, Mar 7 (UNI) DBS Chola Mutual Fund today launched its open ended fund- 'DBS Chola Hedged Equity Fund' to generate long term capital appreciation by investing in equity, equity related and derivative instruments.

The fund seeks to minimise risk by use of hedging tools such as index and stock derivative instruments.

Aiming at generating returns with lower volatility, the new fund offer was opened for subscription from March 1 and will close on March 23.

Speaking on the occasion, DBS Chola Mutual Fund chief executive Rajnish Narula said, ''Investors who are concerned about the stock market volatility can consider investing in DBS Chola Hedged Equity Fund which would use an active hedging strategy to reduce the effect of market swings on the fund's long term performance resulting in more consistent returns with lower volatility.'' Mr Narula informed that the scheme offers both cumulative and dividend options.

''Units will be offered at Rs 10 per unit plus applicable load.

The minimum application amount during the offer period is Rs 5000 and in multiples of Re 1 thereafter,'' he said.

Investors can also invest in DBS Chola Hedged Equity Fund through the SIP route, Mr Narula added.

UNI