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| 4th consecutive dividend under DBS
Chola Hedged Equity Fund since its inception in April
2007 |
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Mumbai, October 29,
2007: DBS Chola MF in continuation with its tradition of
rewarding investors has declared yet another dividend of
10% under DBS Chola Hedged Equity Fund. The record date
for dividend is 2nd November, 2007. All investors whose
names appear on the register of unit holders as on 2nd
November, 2007 would be eligible for dividend. The NAV
of the scheme as on October 26, 2007 under the dividend
option stood at Rs 12.00/- per unit.
This is the fourth consecutive dividend under the scheme
since its inception in April, 2007. The first three
dividends were declared in the month of May, 2007
(dividend of 5%), September (dividend of 6%) and October
(dividend of 8%). 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 six months would be
29%. ” 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, |
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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. |
| |
| 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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