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Mumbai, Maharashtra, India
DBS Chola MF today announced the launch of DBS Chola Infrastructure Fund, a three year close-ended fund with automatic conversion into an open ended scheme upon maturity. The fund seeks to generate capital appreciation by investing predominantly in equity and equity related instruments of companies that are expected to benefit from the infrastructure development happening in the country. To pursue its investment objective the fund will adopt both Top - down and Bottom - Up investment approach to create a diversified portfolio of stocks. The aim would be to select fundamentally sound companies having potential to deliver superior earnings growth in the long term. The fund will have no market capitalization bias and will be multi-sectoral. The new fund offer opens for subscription on August 7, 2007 and will close on 6th September, 2007.
"With huge investments planned in the infrastructure sector, companies engaged in this sector would witness impressive growth. The fund is well poised to capture these investment opportunities and offers an attractive investment avenue for long term investors." said R. Rajagopal, Chief Investment Officer, DBS Chola Mutual Fund
The scheme offers both cumulative and dividend options. Units will be offered at Rs.10 per unit. The minimum application amount is Rs 5000/- and in multiples of Re 1/- thereafter.
About DBS Cholamandalam Asset Management Limited
DBS Cholamandalam Asset Management Limited (DCAM) is the asset management company and the investment manager of DBS Chola Mutual Fund, which offers mutual funds to retail, high networth and institutional investors. Established in 1996, the company manages funds in excess of Rs. 5000 crores (as of Jul 31, 2007) across 25 schemes with over 200,000 customer accounts. Known for its prudent and disciplined investment philosophy, DCAM products cover the entire range of cash, debt and equity asset classes. DCAM is present in over 19 locations in the country and also has a strong distribution network.
Cholamandalam DBS Finance Limited
Cholamandalam DBS Finance Ltd, is a joint venture between the Murugappa Group and DBS Bank of Singapore. The Company, along with its subsidiaries and affiliates offers individual and institutional customers a range of financial services - personal loans, vehicle finance, home equity loans, capital market finance, corporate finance, mutual funds, securities broking and distribution of investment and insurance products. The Company's shares are listed on Bombay (BSE) and National (NSE) stock exchanges.
About Murugappa Group
Headquartered in Chennai, the USD 2 billion Murugappa Group is India's leading business conglomerate, which fosters an environment of professionalism for its strong workforce of 28,000 employees. The group has 29 registered companies, which are market leaders in diverse areas on business viz. engineering, abrasives, finance, general insurance, sanitaryware, cycles, sugar, farm inputs, fertilizers, plantations, bio products and nutraceuticals. The Group has manufacturing units in 12 states. The Group has forged strong joint venture alliances with leading international companies like Roca of Spain, Cargill of Geneva, Cerdak of South Africa, DBS Bank of Singapore, Mitsui Sumitomo of Japan and Groupe Chimique Tunisien of Tunisia and has consolidated its status as one of the fastest growing diversified business house in India.
About DBS
Headquartered in Singapore, DBS is one of the largest financial services groups in Asia. The largest bank in Singapore and the fifth largest banking group in Hong Kong as measured by assets, DBS has leading positions in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund raising. Beyond the anchor markets of Singapore and Hong Kong, DBS serves corporate, institutional and retail customers through its operations in Thailand, Malaysia, Indonesia, India and The Philippines. In China, the Bank has branches and representative offices in Shanghai, Beijing, Guangzhou, Shenzhen, Fuzhou, Tianjin, Dongguan and Hangzhou. The Bank's credit ratings are one of the highest among banks competing in the Asia-Pacific region, and the highest among banks in Singapore.
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Source: DBS Cholamandalam Asset Management Limited (Business Wire India)
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