Deutsche MF launches new plan under Hybrid Fixed Term Fund - Series 35
Last Updated: Tuesday, February 24, 2015, 12:09
Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Hybrid Fixed Term Fund - Series 35 (1100 days)” with maturity period of 1100 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on February 18 and will close on March 4. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable.
This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Rakesh Suri and Akash Singhania will be the fund managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt & debt related instruments, money market instruments and equity & equity related instruments including derivatives.
Hence, the scheme will allocate 65 to 95 percent of asset in debt & debt related instruments, 0 to 10 percent of asset in money market instruments and 5 to 25 percent of asset in equity & equity related instruments including derivatives.
Text courtesy: Dion Global Solutions Ltd.
First Published: Tuesday, February 24, 2015, 12:09
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