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Monday, September 07, 2009

DBS Chola MF announce changes in Freedom Income – Short Term Fund

With effective from 9 October 2009

DBS Chola Mutual Fund has decided to change in the fundamental attributes of DBS Chola Freedom Income-Short Term Fund. The change will be effective from 9 October 2009.

Revised Investment Objective:

The investment objective is to generate reasonable and stable income and provide liquidity to the unit holder To achieve this objective the scheme will invest predominantly in a well diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The scheme will not invest in equalities or equity related instruments.

Revised Asset Allocation:

The scheme would invest money market instruments, bonds issued by Government and corporate, debentures and other debt securities (including securitized debt) upto 100% of the corpus.

Accordingly the scheme will invest 0% to 100% of asset in debt securities and money market instruments (including cash/call money). It would have a risk profile of low to medium.

Bench Mark Index for the scheme: Crisil Liquid Fund Index

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