DBS Chola MF launches DBS fixed maturity plan

Mumbai, Aug 20 (UNI) DBS Chola MF today announced the launch of its close-ended fund, DBS Chola Fixed Maturity Plan Series 11, which will open on August 21 and close on Aug 28.

The fund seeks 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 firm said in a statement.

The maturity date of the scheme is September 28, 2009, and investors can opt between a cumulative or dividend options. The scheme will not have any entry load, but it will have a two per cent exit load if redeemed before maturity, DBS Chola said.

The minimum application amount is Rs 5,000 and in multiples of Rs one under retail plan, Rs 10 lakh in multiples of Rs one for Institutional plan, it added.

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