Fund News

Chola Mutual Fund to Launch 91-Day FMP

Chola Mutual Fund has decided to launch a fixed maturity plan. Named as Chola Fixed Maturity Plan - Series 1 (Quarterly Plan - I), the fund would be available for subscription on June 27 and June 28

Chola Mutual Fund has decided to launch a fixed maturity plan. Named as Chola Fixed Maturity Plan - Series 1 (Quarterly Plan - I), the fund would be available for subscription on June 27 and June 28. A 91-day plan, the fund would mature on September 28, 2005.

The scheme seeks to generate regular returns and capital appreciation by investing in debt (including securitised debt), government and money market securities normally maturing in line with the time profile of the plan.

The fund won't charge any entry load but impose an exit load of 0.50 per cent for redemptions before the maturity date. The minimum investment is Rs 5,000 and in multiples of Re 1 thereafter.

Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.


Other Categories

Informed fund ideas, better judgment. Every month. Mutual Fund Insight, every month since October 2002.

Take charge. Know more. Keep more. Mutual Fund Insight helps you do all three — every month