"DWS Short Maturity Fund - Premium Plus Plan" announces 0.0510% dividend

Deutsche Mutual Fund has declared 0.0510 per cent dividend under monthly dividend payout option scheme named as "DWS Short Maturity Fund - Premium Plus Plan", 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 10.2685.

As on March 31, 2012, the scheme allocated 43.2 per cent in debt, 26.9 per cent in certificate of deposits, 22.6 per cent in commercial papers, 5.8 per cent in bonds, 0.9 per cent in cash and remaining 0.7 per cent I CBLO/Reverse Repo.

The investment objective of "DWS Short Maturity Fund - Premium Plus Plan", an open ended debt-short term fund, was to generate steady returns with low volatility by investing in short-medium term debt and money market securities.

The performance of the scheme was standardized against Crisil Short-Term Bond Fund Index and Nitish Gupta was the fund manager of the scheme.