Deutsche MF launches DWS Fixed Maturity Plan - Series 89 (1101 days) 27/03/2015

Deutsche MF launches DWS Fixed Maturity Plan - Series 89 (1101 days)
27/03/2015 10:44
Deutsche Mutual Fund has launched a new close ended debt fund scheme named “Deutsche Mutual Fund” with maturity period of 1101 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 24 and will close on April 06. 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 also be nil. 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 Composite Bond Fund Index. Rakesh Suri will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Domestic debt instruments including government securities and excluding money market instrument and 0 to 20 per cent of asset in Money Market Instruments.