Deutsche MF launches “DWS Hybrid Fixed Term Fund - Series 25 (21 months)”; NFO
to close on July 25
21/07/2014 10:34
Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Hybrid Fixed Term Fund - Series 25 (21 months)” with maturity period of 21 months 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 25. 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 MIP Blended Fund Index. Rakesh Suri and Akash Singhania will be the Fund Managers 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, money market instrument, cash & cash equivalents (CBLO, Reverse Repo, T Bills) and equity & equity related securities. Hence, the scheme will allocate 75 to 100 per cent of asset in domestic debt instruments including government securities, 0 to 20 per cent of asset in money market instrument, cash & cash equivalents (CBLO, Reverse Repo, T Bills) and 5 to 20 per cent of asset in equity & equity related securities.
21/07/2014 10:34
Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Hybrid Fixed Term Fund - Series 25 (21 months)” with maturity period of 21 months 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 25. 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 MIP Blended Fund Index. Rakesh Suri and Akash Singhania will be the Fund Managers 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, money market instrument, cash & cash equivalents (CBLO, Reverse Repo, T Bills) and equity & equity related securities. Hence, the scheme will allocate 75 to 100 per cent of asset in domestic debt instruments including government securities, 0 to 20 per cent of asset in money market instrument, cash & cash equivalents (CBLO, Reverse Repo, T Bills) and 5 to 20 per cent of asset in equity & equity related securities.
