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DBS Chola Infrastructure fund


DBS Chola Mutual Fund has come out with a three years close ended equity fund called DBS Chola Infrastructure fund. This fund would automatically be converted into an open ended fund after the expiry of three years from the date of allotment.

The scheme endeavours to generate capital appreciation by investing primarily in companies that are engaged in the area of infrastructure. The fund would select fundamentally sound companies, having potential to deliver superior earning growth in long run.

The fund manager would adopt both top down and bottom up approach for stock selection. Under top -down approach, the aim would be to identify industries in the infrastructure sector that can offer long run growth. Under bottom up approach, the aim would be to select companies with high profitability and scalability supported by sustainable competitive advantages.

The fund would allocate 65 to 100% of its assets in equity and equity- linked instruments. Debt securities and money market instrument will comprise of 0 to 35% of the portfolio.

Snapshots:
Issue Opens: August 7, 2007
Issue Closes: September 6, 2007
Investment Options: Growth, Dividend Payout and Reinvestment
Minimum Investment: Rs. 5,000
Face Value: Rs. 10
Entry load: Nil
Exit Load: 2% if redeemed within 12 months, 1% if redeemed between 12 months to 24 months and 0.5% if redeemed between 24 months to 36 months from the date of allotment.
Benchmark Index: S&P CNX Nifty
Fund Manager: R. Rajagopal

      Ret %  
Fund  Launch Date  1 mth  6 mth  1 yr
Birla Infrastructure  Feb-06 10.91 21.20 74.74
CanInfrastructure  Nov-05 11.83 20.88 70.70
DSPML T.I.G.E.R May-04 8.15  
Escorts Infrastructure Jul-07  -  -  -
ICICI Prudential Infrastructure Aug-05 9.06 18.87 77.53
JM HI FI Mar-06 12.36 7.15 48.08
Principal Infrastructure & Services Feb-06 5.64 9.20 52.52
Sahara Infrastructure Fixed Pricing Mar-06 8.42 18.58 62.37
Sundaram CAPEX Opportunities Sep-05 3.13 16.86 65.68
Tata Infrastructure  Dec-04 10.59 20.31 74.84
Taurus INFRA TIPS Mar-07 4.89 - -
UTI Infrastructure Apr-04 9.65 15.88 74.11