New Close Ended Scheme launched by Deutsche Mutual Fund
15/04/2015 09:58
Deutsche Mutual Fund has launched a new close ended equity fund scheme named “DWS Large Cap Fund - Series 3 (1281 days)” with maturity period of 1281 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 April 10 and will close on April 20. 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 CNX Nifty Index. Akash Singhania 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 capital appreciation will be met by investing in a diversified portfolio of equity and equity related securities of large cap companies in India. Hence, the scheme will allocate 70 to 100 per cent of asset in Equity and Equity Related Instruments of Large Cap Companies, 0 to 30 per cent of asset in Equity and Equity Related Instruments of Non Large Cap Companies and 0 to 10 per cent of asset in Debt and Money Market Instruments.
15/04/2015 09:58
Deutsche Mutual Fund has launched a new close ended equity fund scheme named “DWS Large Cap Fund - Series 3 (1281 days)” with maturity period of 1281 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 April 10 and will close on April 20. 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 CNX Nifty Index. Akash Singhania 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 capital appreciation will be met by investing in a diversified portfolio of equity and equity related securities of large cap companies in India. Hence, the scheme will allocate 70 to 100 per cent of asset in Equity and Equity Related Instruments of Large Cap Companies, 0 to 30 per cent of asset in Equity and Equity Related Instruments of Non Large Cap Companies and 0 to 10 per cent of asset in Debt and Money Market Instruments.
