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Cholamandalam To Launch Income Plus Fund

Cholamandalam Mutual Fund is launching an extended version of Monthly Income Plan called Chola Income Plus Fund on June 25, 2004. The fund would primarily invest in debt and money market instruments (80-90 per cent) with a modest exposure to equities (0-10 per cent).

Fund Details:
Issue Opening Date - June 25, 2004
Issue Closing date - July 23, 2004
Options/Plans – Dividend, Growth
Minimum Application Amount:
Dividend Option: Rs 10,000 and in multiples of Re 1 thereafter
Growth Option: Rs 5,000 and in multiples of Re 1 thereafter
Entry Load: Nil.
Exit Load: 0.5% for investment upto Rs 25 lakh if redeemed within 3 months and nil for investment over 25 lakh.