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Infrastructure fund launched by DBS Chola MFThursday, August 09, 2007
The DBS Chola Infrastructure Fund was launched by the DBS Chola Mutual Fund on 7th August, 2007. This is a close-ended fund which would convert into an open-ended scheme on maturity after three-years. The funds would be invested in equity and equity related instruments that are associated with infrastructure activities in India. A diversified portfolio would be created by adopting the top-down and bottom-up investment approach. The selection of companies would be based on their potential to deliver high returns over the long term. With no market capitalization bias, the multi-sectoral fund will remain open till 6th September, 2007 Officials of the Chola Mutual Fund are optimistic of the fund’s performance, based on the large investments being made in the infrastructure sector by private sector companies. DBS Cholamandalam Asset Management Limited was established in 1996 and manages the assets of DBS Chola Mutual fund. The Chola MF has a client base comprising retail, institutional and high net worth investors. Its current assets are worth Rs.5000 crore held in 25 schemes with 2 lakh accounts. DBS is Singapore’s largest bank and has interests in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund raising. It operates in Thailand, Malaysia, Indonesia, India and the Philippines. Related Readings»MP included in DMIC Project» Banks Slash Deposit Rates » DSP Merrill Lynch Gold Fund offers Good Prospects » HSBC MF, Kotak MF launch new fund schemes
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