DBS Chola Mutual Fund
DBS Chola Mutual Fund
Introduction (Historical)
DBS Chola Mutual Fund was an Indian asset management company that operated from 2006 to 2010. It was formed after DBS Bank of Singapore acquired a stake in Cholamandalam Investment and Finance Company Limited, leading to the rebranding of the erstwhile Chola Mutual Fund. The fund house aimed to leverage the financial expertise of DBS Bank and the domestic market understanding of the Murugappa Group (the parent of Cholamandalam) to offer a range of mutual fund products to Indian investors. During its operation, it was headquartered in Mumbai and offered various equity, debt, and hybrid schemes.
Fund Managers (Historical)
During its operational period, DBS Chola Mutual Fund had its own team of fund managers. For instance, Mr. Sashi Krishnan was the Chief Executive, and there were fund managers overseeing equity and debt portfolios. Specific names would require deep historical records, but they would have been seasoned professionals at that time, responsible for managing schemes like DBS Chola Growth Fund, DBS Chola Contra Fund, etc.
Scope and Investment Philosophy (Historical)
The scope of DBS Chola Mutual Fund was to provide comprehensive investment solutions across various asset classes. Its investment philosophy would have generally aligned with the standard practices of AMCs during that period, focusing on:
- Diversified Portfolio: Offering schemes across equity, debt, and hybrid categories to cater to different investor risk profiles.
- Fundamental Research: Utilizing in-depth research to identify promising investment opportunities in both equity and debt markets.
- Risk Management: Implementing strategies to manage market and credit risks within portfolios.
- Customer-Centric Approach: Aiming to provide accessible investment products to a broad base of investors, leveraging the distribution capabilities of its banking and financial services partners.
Part 2: List of Funds (Historical - under DBS Chola Mutual Fund)
Since DBS Chola Mutual Fund was acquired and renamed L&T Mutual Fund, and subsequently, L&T Mutual Fund was acquired by HSBC Mutual Fund, there are no funds currently active under the "DBS Chola Mutual Fund" brand name. All its erstwhile schemes were either merged into existing L&T Mutual Fund schemes or renamed to carry the "L&T" prefix.
Examples of schemes that existed under DBS Chola Mutual Fund (prior to January 2010) included:
- DBS Chola Growth Fund: Likely a diversified equity fund.
- DBS Chola Contra Fund: An equity fund following a contrarian investment style.
- DBS Chola Midcap Fund: An equity fund focusing on mid-sized companies.
- DBS Chola Small Cap Fund: A closed-ended equity fund focusing on small-cap companies.
- DBS Chola Infrastructure Fund: A closed-ended thematic fund.
- DBS Chola Liquid Fund: A liquid debt fund.
- DBS Chola Income Fund: A diversified debt fund.
- DBS Chola Equity Fund: A broad equity scheme.
- DBS Chola Tax Advantage Fund: An ELSS (Equity Linked Savings Scheme).
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