14th August 2008

DBS Chola Mutual fund has announced the launch of its close-ended income scheme, DBS Chola Fixed Maturity Plan-Series 10. The initial issue of units is at Rs.10 per unit. The fund opens for subscription on 14 August and will close on 20 August 2008 .

The scheme aims to generate regular returns and capital appreciation by investing in debt, government and money market securities. Duration of the scheme is 91 days. The scheme will invest 100% in money market instruments, bonds, and debt and govt. securities.

The investors get dividend payout and cumulative options.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme doesn't ask for an entry load. Redemptions before the maturity date will be subject to 0.50% exit load.

CRISIL Liquid Fund Index will be the benchmark index. Mr. Ankur Parekh is the fund manager of the respective scheme.