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DBS Chola Small Cap Fund launched
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ENS Economic Bureau
Bangalore,
Nov 26: DBS Chola MF, on Monday,
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 capitalisation.
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 at least 65 percent of its net assets in stocks of small
companies. Stock selection will reflect either growth or value investment
approach. The new fund offer, that opened for subscription on November
20, will close for subscription on
December 20, 2007.Vineet
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Potnis, Chief Marketing Officer at DBS Chola Mutual Fund said that the new fund would provide 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 dedi cated small cap fund could ensure better diversification and a superior solution to investors' portfolios." he added.
The scheme offers both cumulative and dividend options. Units will be offered at Rs 10 per unit. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. 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.
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