DBS Chola MF launches Interval Income Fund-QP A
DBS Chola MF launches Interval Income Fund-QP A DBS Cholamandalam Mutual Fund (MF) launched DBS Chola Interval Income Fund Quarterly Plan (QP) A. The scheme opens for subscription on Sep. 21, 2007 and closes on Sep. 26, 2007. The fund offers both retail and institutional plans. The fund is a debt oriented interval income fund with an objective to generate regular income through investments in debt, money market and government securities, maturing in line with the time profile of the plan and also with a provision to offer liquidity at periodic interval. The fund would offer subscription and redemption facility once every quarter during the specified transaction period, without the payment of any loads. Redemptions in periods other than the specified transaction period will be subject to 0.5% exit load. The minimum application amount is Rs 5000 and in multiples of Re 1 under the retail plan and Rs 100,000 and in multiples o f Re 1 under the institutional plan.
