Deutsche MF launches “DWS Fixed Maturity Plan – Series 73 (2 years)”; NFO to close on July 10 01/07/2014

Deutsche MF launches “DWS Fixed Maturity Plan – Series 73 (2 years)”; NFO to close on July 10
01/07/2014 10:40
Deutsche Mutual Fund has launched a new close ended debt fund scheme named “DWS Fixed Maturity Plan – Series 73 (2 years)” with maturity period of 2 years from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on July 10. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Rakesh Suri will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of domestic debt instruments including government securities excluding money market instrument and money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in domestic debt instruments including government securities excluding money market instrument and 0 to 30 per cent of asset in money market instruments.