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Friday, January 30, 2009

DWS Insta Cash Fund changes investment pattern

Change will be on a prospective basis

Deutsche Mutual Fund has announced changes in the investment pattern of DWS Insta Cash Fund (DICPF), an open ended liquid income scheme.

In accordance with Sebi circular date 19 January 2009, the investment pattern indicating characteristics of the portfolio of the DICPF have been revised as follows:

a) With effect from 01 February 2009, DICPF shall make investments in / purchase debt and money market securities with maturity of upto 182 days only.

b) With effect from 01 May 2009, DICPF shall make investments in / purchase debt and money market securities with maturity of upto 91 days only.

c) Inter-Scheme transfers of securities having maturity upto 365 days and held in other schemes as on 01 February 2009 shall be permitted in DICPF till 31 October 2009. With effect from 01 November 2009 such inter scheme transfer of securities held in other schemes having maturity of upto 91 days only shall be permitted in DICPF.

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