Deutsche MF offers document to launch "DWS Medium Term Income Fund"

Deutsche Mutual Fund has filed document with SEBI to launch a new open ended debt scheme named as "DWS Medium Term Income Fund".

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. According to the offer document filed with SEBI, the entry load is nil while the exit load of 1 per cent will be charged if the scheme is redeemed within 12 months from the date of allotment.

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The two 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. Nitish Gupta and Kumaresh Ramakrishnan will be the Fund Manager of the scheme.

The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by investing in a portfolio of high quality debt securities. Hence, the scheme will allocate 50 to 100 per cent of asset in debt securities and 0 to 50 per cent in CBLO, Reserve Repo, T Bills and money market instruments.

Read more about: nfo, deutsche
Story first published: Monday, October 28, 2013, 13:00 [IST]
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