Deutsche MF launches “DWS Arbitrage Fund”; NFO to close on August
22
18/08/2014 12:34
Deutsche Mutual Fund has launched a new open ended equity scheme named “DWS Arbitrage Fund” The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 13 and will close on August 22. According to the offer document filed with SEBI, the entry load is nil while exit load of 0.5 per cent will be charged if the scheme if redeemed within 90 days from date of allotment. 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 Liquid Fund Index. Akash Singhania and Kumaresh Ramakrishnan 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 cash and derivatives market as well as within the derivatives segment of the market. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities and 0 to 35 per cent in debt and money market instruments.
18/08/2014 12:34
Deutsche Mutual Fund has launched a new open ended equity scheme named “DWS Arbitrage Fund” The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 13 and will close on August 22. According to the offer document filed with SEBI, the entry load is nil while exit load of 0.5 per cent will be charged if the scheme if redeemed within 90 days from date of allotment. 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 Liquid Fund Index. Akash Singhania and Kumaresh Ramakrishnan 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 cash and derivatives market as well as within the derivatives segment of the market. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities and 0 to 35 per cent in debt and money market instruments.
