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Our Bureau

Mumbai , April 14

CRISIL has assigned `AAAF' rating to Chola Liquid Fund and Chola Daily Dividend Reinvestment Plan, the bond funds managed by Cholamandalam AMC.

The rating indicates that their portfolio holdings provide very strong protection from credit defaults, stated the press release.

Crisil's assessment of a bond fund's credit quality is based on the creditworthiness of its portfolio. Chola Liquid Fund has a corpus of Rs 418 crore as of March 31, 2004.

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