DBS Chola MF has announced the launch of DBS Chola Fixed Maturity Plan Series 11 (13 months) in the Indian market.

The fund is a close ended income scheme with an objective 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 Benchmark for the fund will be Crisil Short Term Fund Index.  

The minimum investment amount will be Rs 10,000 and in multiples of Re. 1 thereafter. For the institutional plan, the minimum application amount is Rs 1 crore and in multiples of Re. 1 thereafter.

The maturity date of the scheme is September 28th 2009 and investors can opt between a Cumulative or Dividend options. . The scheme will not have any entry load but it will have a 2.00% exit load if redeemed before maturity.

The new fund offer will open for subscription from August 21 and will close on 28 August, 2008.

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.