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Wednesday, February 04, 2009

DWS Premier Bond Fund introduces new investment plan

With effect from 09 February 2009

Deutsche Mutual Fund has introduces the Auto Sweep Plan under DWS Premier Bond Fund with effect from 09 February 2009. The plan shall open subscription at Rs 10 per unit during business hours on 09 February 2009. With effect from 10 February 2009, units under the plan will be available for purchase/redemption at prices related to the applicable NAV of the plan/option under the respective scheme.

Detail of the option

It is an open-ended scheme with the investment objective to provide regular income by investing in debt securities including bonds and money market instruments.

The scheme will invest upto 60-100% in the debt instruments including government securities and corporate debt and invest upto 40% in the money market instruments.

Debt securities may include securitised debts upto 50% of the net assets. The scheme may invest in foreign debt securities upto 25% of the net assets of the scheme.

The scheme is being benchmarked against CRISIL Composite Bond Fund Index.

The minimum application amount of the scheme is Rs 1 lakh and in multiples of Re 1 thereafter.

The scheme will not charge any entry and it will charge an exit load of 3.00% if redeemed before 12 months. No exit load is applicable for auto sweep in to equity fund.

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