Deutsche MF launches new plan under Mid Cap Fund - Series 1
01/12/2014 11:20
Deutsche Mutual Fund has launched a new close ended equity fund scheme named “DWS Mid Cap Fund - Series 1” with maturity period of 3 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 December 15. 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 CNX Mid Cap. Akash Singhania and 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 long term capital appreciation will be met by investing in a portfolio of equity and equity related instruments of midcap companies, equity and equity related instruments of non midcap companies and debt & money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in equity and equity related instruments of midcap companies, 0 to 30 per cent of asset in equity and equity related instruments of non midcap companies and 0 to 20 per cent of asset in debt & money market instruments.
01/12/2014 11:20
Deutsche Mutual Fund has launched a new close ended equity fund scheme named “DWS Mid Cap Fund - Series 1” with maturity period of 3 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 December 15. 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 CNX Mid Cap. Akash Singhania and 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 long term capital appreciation will be met by investing in a portfolio of equity and equity related instruments of midcap companies, equity and equity related instruments of non midcap companies and debt & money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in equity and equity related instruments of midcap companies, 0 to 30 per cent of asset in equity and equity related instruments of non midcap companies and 0 to 20 per cent of asset in debt & money market instruments.
