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Mumbai, Dec 7, 2007. DBS
Chola MF in continuation with its tradition of rewarding
investors has declared yet another dividend of 11% under DBS
Chola Hedged Equity Fund. The record date for dividend is 11th
Dec, 2007. All investors whose names appear on the register of
unit holders as on 11th Dec, 2007 would be eligible for
dividend. The NAV of the scheme as on Dec 7, 2007 under the
dividend option stood at Rs 12.28/- per unit.
This is the fifth consecutive dividend under the scheme since
its inception in April, 2007. The first three dividends were
declared in the month of May, 07 (dividend of 5%) and Sept, 07
(dividend of 6%) Oct, 07 ( dividend of 8%), Nov (dividend of
10%). The investment objective of the fund is to generate long
term capital appreciation by investing in equity, equity related
and derivative instruments. The fund seeks to minimise risk by
use of hedging instruments such as index and stock derivative
instruments. The aim is to generate returns with a lower
volatility.
“DBS Chola MF has always followed an investor centric approach
and has been declaring dividends across its schemes on a regular
basis. With the current dividend, the total quantum of dividend
declared under DBS Chola Hedged Equity Fund over the last 7
months would be 40%. ” said Vineet Potnis, Chief Marketing
Officer, DBS Cholamandalam Asset Management Ltd.
The fund offers dividend & growth options. The minimum
application amount is Rs 5000/- under both the options. |
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| About DBS Cholamandalam Asset Management
Limited |
| DBS Cholamandalam Asset Management Limited
(DCAM) is the asset management company and the investment
manager of DBS Chola Mutual Fund, which offers mutual funds to
retail, high networth and institutional investors. Established
in 1996, the company manages funds in excess of Rs. 3800 crores
(as of Sept, 2007) across 21 schemes with over 200,000 customer
accounts. Known for its prudent and disciplined investment
philosophy, DCAM products cover the entire range of cash, debt
and equity asset classes. DCAM is present in over 20 locations
in the country and also has a strong distribution network. |
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| Cholamandalam DBS Finance Limited |
| Cholamandalam DBS Finance Ltd, is a joint
venture between the Murugappa Group and DBS Bank of Singapore.
The Company, along with its subsidiaries and affiliates offers
individual and institutional customers a range of financial
services – personal loans, vehicle finance, home equity loans,
capital market finance, corporate finance, mutual funds,
securities broking and distribution of investment and insurance
products. The Company’s shares are listed on Bombay (BSE) and
National (NSE) stock exchanges. |
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| About Murugappa Group |
| Headquartered in Chennai, the USD 2 billion
Murugappa Group is India’s leading business conglomerate, which
fosters an environment of professionalism for its strong
workforce of 28,000 employees. The group has 29 registered
companies, which are market leaders in diverse areas on business
viz. engineering, abrasives, finance, general insurance,
sanitaryware, cycles, sugar, farm inputs, fertilizers,
plantations, bio products and nutraceuticals. The Group has
manufacturing units in 12 states. The Group has forged strong
joint venture alliances with leading international companies
like Roca of Spain, Cargill of Geneva, Cerdak of South Africa,
DBS Bank of Singapore, Mitsui Sumitomo of Japan and Groupe
Chimique Tunisien of Tunisia and has consolidated its status as
one of the fastest growing diversified business house in India.
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