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Our Bureau

Mumbai, Oct. 4

DBS Chola Mutual Fund announced the launch of DBS Chola Fixed Maturity Plan-Series 5 (Quarterly Plan 1) on Tuesday.

The scheme seeks to generate regular returns by investing in debt, Government and money markets. The new fund offer, which opened on October 3, closes on October 5. The minimum subscription amount is Rs 5,000. There is no entry load but an exit load of 0.5 per cent will be charged on investments redeemed within 3 months from the date of allotment.

"In this volatile interest rate scenario, investors looking for stable returns from short term debt instruments should also look at fixed maturity plans as they enable them to protect their returns against any interest rate volatility," said Mr Tridib Pathak, Chief Investment Officer, DBS Chola Mutual Fund.

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