Mumbai, 3 October , 2006: DBS Chola MF today announced the launch of DBS Chola Fixed Maturity Plan- Series 5 (Quarterly Plan 1).The scheme seeks to generate regular returns and capital appreciation by investing in debt, government and money market securities normally maturing in line with the time profile of the plan. The scheme is open for subscription from 3rd Oct, 2006 and will close on 5th Oct, 2006. The minimum application amount is Rs 5000/- and in multiples of Re 1/- thereafter. Units will be available at Rs 10 each. The scheme does not charge any entry load but there is an exit load of 0.5 percent 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 investors to protect their returns against any interest rate volatility" said Tridib Pathak, Chief Investment Officer, DBS Chola Mutual Fund.

About DBS Cholamandalam Asset Management Limited
DBS Cholamandalam Asset Management Limited (DCAM) is the asset management company and the investment manager of DBS Chola Mutual Fund, which offers mutual funds to retail, high networth and institutional investors. Established in 1996, the company manages funds in excess of Rs.2170 crores (as of Sept 30, 2006) across 18 schemes with over 200,000 customer accounts. Known for its prudent and disciplined investment philosophy, DCAM products cover the entire range of cash, debt and equity asset classes. DCAM is present in over 22 locations in the country and also has a strong distribution network.

About DBS Headquartered in Singapore, DBS is one of the largest financial services groups in Asia. The largest bank in Singapore and the fifth largest banking group in Hong Kong as measured by assets, DBS has leading positions in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund raising. Beyond the anchor markets of Singapore and Hong Kong, DBS serves corporate, institutional and retail customers through its operations in Thailand, Malaysia, Indonesia, India and The Philippines. In China, the Bank has branches and representative offices in Shanghai, Beijing, Guangzhou, Shenzhen, Fuzhou, Tianjin, Dongguan and Hangzhou. The Bank's credit ratings are one of the highest among banks competing in the Asia-Pacific region, and the highest among banks in Singapore.

Cholamandalam DBS Finance Limited (Cholamandalam DBS) is a joint venture between the Murugappa Group and DBS Bank of Singapore. The Company, along with its subsidiaries and affiliates offers individual and institutional customers a range of financial services - vehicle finance, capital market finance, corporate finance, mutual funds, securities broking and distribution of investment and insurance products. The Company's shares are listed on Bombay (BSE) and National (NSE) stock exchanges.

Headquartered in Chennai, the $1.6 billion Murugappa Group is India's leading business conglomerate, which fosters an environment of professionalism for its strong workforce of 28,000 employees. The group has 29 registered companies, which are market leaders in diverse areas on business viz. engineering, abrasives, finance, general insurance, sanitaryware, cycles, sugar, farm inputs, fertilizers, plantations, bio products and nutraceuticals. The Group has manufacturing units in 12 states. The Group has forged strong joint venture alliances with leading international companies like Roca of Spain, Cargill of Geneva, Cerdak of South Africa, DBS Bank of Singapore, Mitsui Sumitomo of Japan and Groupe Chimique Tunisien of Tunisia and has consolidated its status as one of the fastest growing diversified business house in India.