Deutsche MF launches “DWS Hybrid Fixed Term Fund - Series 27 (37 months)”; NFO
to close on August 8
01/08/2014 13:03
Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Hybrid Fixed Term Fund - Series 27 (37 months)” with maturity period of 37 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 August 8. 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 payout option. The performance of the scheme will be benchmarked against Crisil MIP Blended Fund Index. Akash Singhania and Rakesh Suri 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 investments in fixed income securities. Hence, the scheme will allocate 65 to 95 per cent of asset in Debt and debt related instruments, 0 to 10 per cent of asset in money market instruments and 5 to 25 per cent of assets in equity and equity related instruments high derivatives.
01/08/2014 13:03
Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Hybrid Fixed Term Fund - Series 27 (37 months)” with maturity period of 37 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 August 8. 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 payout option. The performance of the scheme will be benchmarked against Crisil MIP Blended Fund Index. Akash Singhania and Rakesh Suri 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 investments in fixed income securities. Hence, the scheme will allocate 65 to 95 per cent of asset in Debt and debt related instruments, 0 to 10 per cent of asset in money market instruments and 5 to 25 per cent of assets in equity and equity related instruments high derivatives.
