The NFO opens on July 11, 2011 and closes on July 13, 2011. The duration of the scheme will be 250 days from the date of allotment of units.
The units of the scheme are proposed to be listed on the National Stock Exchange (NSE).
The minimum application amount is Rs 5,000 and after that additional investment can be made of Re 1.
The investors will be provided with the two options: Growth and Dividend. Dividend option offers the facility of dividend payout and sweep.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
Investment objective and performance:
The objective of the scheme is to provide regular income to the investor by investing in debt and money market instruments with the same tenure i.e. the instruments maturing on or before the maturity date of the respective scheme.
The fund will invest up to 100% of assets in Domestic Debt Instruments including Government securities and Money Market Instruments and Securitized Debt. Exposure to securitized debt would be to the extent of 20% of the net assets.
Kumaresh Ramkrishnan will be the fund manager of the scheme.
Ramkrishnan is B.E. & MBA from Mumbai University. He has over 12 years of work experience in the Indian Fixed Income markets under Deutsche Asset Management (India) Pvt. Ltd.
Some of the other schemes managed by him are DWS Cash Opportunities Fund, DWS Insta Cash Plus Fund, DWS Money Plus Fund, DWS Treasury Fund – Cash Plan, etc.
NFO Opens: July 11, 2011
NFO Closes: July 13, 2011
NFO Price: Rs.10 per unit
Listing: National Stock Exchange
Benchmark: CRISIL Short Term Bond Index
Options: Dividend and Growth
Minimum Application Amount: Rs 5,000 per application and additional Re 1, thereafter
Exit Load: Nil
Fund Manager: Kumaresh Ramkrishnan