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Deutsche MF unveils DWS Fixed Term Fund - Series 90


Deutsche MF unveils DWS Fixed Term Fund - Series 90
Deutsche Mutual Fund unveils a new fund named as DWS Fixed Term Fund - Series 90 on September 7, 2011. It"s a close-ended income scheme.

The scheme is coming with the duration of 370 days from the date of allotment.

Investment objective:

The investment objective of the fund is to generate regular income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.

Allocation of funds:

The scheme would invest 100% of assets in domestic debt instruments including government securities and money market instruments & securitized debt with low to medium risk profile. Investment in Securitized Debt would be up to 20% of the net assets of the scheme. The exposure to derivatives shall be restricted to 50% of the net assets of the scheme.

Basic Details:

NFO Opens: September 7, 2011

NFO Closes: September 8, 2011

NFO Price: Rs.10 per unit

Options: Growth and Dividend (Dividend Payout and Sweep)

Minimum Application Amount: Rs 5,000 per application and additional Re. 1, thereafter

Benchmark: Crisil Short Term Bond Fund Index

Exit Load: Nil

Fund Manager: Mr. Kumaresh Ramakrishnan

Read more about: mutual funds nfo income
Story first published: Saturday, August 27, 2011, 13:43 [IST]
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