Deutsche MF declares dividend for "DWS Money Plus Fund"

Deutsche Mutual Fund has declared 0.0900 per cent dividend under dividend payout option scheme named as "DWS Money Plus Fund", on the face value of Rs 10 per unit.

The record date for the dividend was April 27, 2012. The NAV of scheme as on April 30, 2012 was at Rs 10.1951.

As on March 31, 2012, the scheme allocated 83.3 per cent in Treasury Bill, 11.4 per cent in CBLO\Reverse Repo and remaining 5.5 per cent in net cash.

The investment objective of 'DWS Money Plus Fund", an open ended debt-short fund, was to generate steady return by investing in debt and money market securities across the credit spectrum. The portfolio will be invested in money market instruments and investment grade debt securities with an aim to preserve capital and offer higher return and moderate liquidity over a short-medium term. There can be no assurance that the investment objective of the scheme will be realized.

The performance of the scheme was standardized against Crisil Liquid Fund Index and Kumaresh Ramakrishnan was the fund manager of the scheme.