DBS Chola Mutual Fund has launched 12 months FMP called DBS Chola Fixed Maturity Plan- Series 7 (12 months plan). It is open for subscription from 15th June, 2007 to 27th June, 2007.
The scheme seeks to generate regular returns and capital appreciation by investing in debt, government and money market securities normally maturing in line with the time profile of the plan. The minimum application amount is Rs. 5000 and the scheme does not charge any entry load but there is an exit load of 2% on investments if redeemed before maturity.