Financial Daily from THE HINDU group of publications
Thursday, Dec 23, 2004
Financial Daily from THE HINDU group of publications Thursday, Dec 23, 2004 |
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Markets
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Mutual Funds Chola MF launches multi-cap fund Our Bureau
Chennai , Dec. 22 CHOLAMANDALAM Mutual Fund has launched a fund that will invest in equity and related instruments across all ranges of market capitalisation — large-, mid- and small-cap. The initial public offer for the Chola multi-cap fund opened on December 14 and will close on January 10. The company expects to collect Rs 75 crore initially, but the fund itself is open ended — an investor may put in money at any point in time. Mr Sashi Krishnan, Chief Executive, Chola Mutual Fund, told a press conference here on Tuesday that the stock market would do well, given the fundamental strength of the Indian economy. He said that the diversified investments out of the multi-cap fund would allow investors to get the benefits of any market segment — large, mid or small. He felt that the present index levels did not adequately capture the opportunities afforded by the mid- and small-cap stocks.
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