Deutsche Mutual Fund to revise exit load structure

Mutual Funds

oi-Shoaib MD

By Shoaib Md

Published: Saturday, July 23, 2011, 14:24 [IST]

Deutsche Mutual Fund, a part of the Deutsche Bank, has decided to revise exit load structure under all plans of DWS Money Plus Fund with effect from July 25, 2011.

Accordingly, the exit load charge will be 1% if the investment is redeemed or switched out within 3 months of allotment.

Under the existing provision, the exit load charge is 1% if the investment is redeemed or switched out within 1 month of allotment.

DWS Money Plus Fund is an open ended debt scheme which has the investment objective to generate steady return by investing in debt and money market securities across credit spectrum.

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