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DBS Chola MF launches DBS Chola
Small Cap Fund
NFO Opens: 20th Nov, 2007 Closes: 20th Dec, 2007 |
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| Mumbai: November 20, 2007.
DBS Chola MF today announced the launch of its three
year close-ended fund, DBS Chola Small Cap Fund. The
fund seeks to generate long term capital appreciation by
investing predominantly in equity and equity related
instruments of companies with small market
capitalization. Small cap companies, as defined by the
Fund’s Objective are those companies whose market
capitalization falls between the highest and the lowest
constituent of the BSE Small Cap Index. To pursue its
investment objective, DBS Chola MF will rely on its own
independent research to find out the best investment
opportunities available in the market. The fund will
invest atleast 65% of its net assets in stocks of small
companies. When choosing stocks, the fund will look at
one or more of the following characteristics - Capable
Management ; Attractive business niches ; Pricing
Flexibility / Valuations ; Potential or demonstrated
ability to grow revenues ; potential for value
unlocking. Stock selection will reflect either growth or
value investment approach. The fund is benchmarked to
the BSE Small Cap Index. The new fund offer opens for
subscription on 20th November, 2007 and will close for
subscription on 20th December, 2007. |
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| “We believe substantial
opportunities exist in small cap markets. Using our
extensive research capabilities, we believe we can offer
potentially superior returns with acceptable levels of
risk...” said R. Rajagopal, Chief Investment Officer,
DBS Chola Mutual Fund. |
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| “ The new fund provides investors
the opportunity to diversify their investment portfolios
into the small cap asset class. Since most equity funds
are skewed towards large cap or midcap stocks, a
dedicated small cap fund could ensure better
diversification and a superior solution to investors’
portfolios...” said Vineet Potnis, Chief Marketing
Officer, DBS Chola Mutual Fund |
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| 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. |
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| 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 Oct 31, 2007) across 21 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 20 locations in the country and also has
a strong distribution network. |
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| Cholamandalam DBS Finance Limited |
| Cholamandalam DBS Finance Ltd, is a
joint venture |
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| 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. 3800 crores
(as of Sept, 2007) across 21 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 20 locations
in the country and also has a strong distribution network. |
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| 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. |
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| 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.
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