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Wednesday, April 15, 2009

Deutsche MF commences DWS FTF- Series 63

NFO period will be from 6 April-16 April 2009

Deutsche Mutual Fund has launched new fund offer period of DWS Fixed Term Fund Series 63 (DFTF - 63 ) on 6 April 2009. The initial offering period will close for subscription on 16 April 2009. The offer of units is at face value of Rs 10 per unit.

It is a close-ended debt fund with maturity of 375 days, with an investment aim of generating regular income by investing in fixed income securities / money market instruments usually maturing in line with the time profile of the Fund.

The investors will have the choice of two plans viz. regular plan and institutional plan. Each plans offers growth and dividend option. The dividend option offers sub option of dividend payout.

The fund will invest 100% in domestic debt instruments including government securities & medium money market instruments and securitized debt. Investment in securitised debt would be up to a maximum of 100% of the net assets of the scheme. The scheme may also hold cash from time to time.

The scheme will invest in derivatives only for the purpose of hedging and portfolio balancing, and the exposure to derivatives shall be restricted to 50% of the net assets of the scheme. The scheme will not engage in scrip lending. The Scheme will not invest in foreign securities and foreign securitized debt

The FTF do not charge entry load and exit load.

The Fund intends to list DFTF - 63 on the NSE. Investors will not be able to redeem their units during the tenor of the scheme and there will be redemption by the fund on the maturity of the scheme. However the units held in dematerialised form can be traded on the stock exchange.

The minimum investment amount under regular plan will be Rs.5000 and in multiples of Re 1 thereafter. The minimum investment amount under institutional plan is Rs. 50 lakh and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index.

Dwijendra Srivastava will manage the scheme.

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