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Tuesday, June 09, 2009

DWS Flexi Debt Fund files offer document with Sebi

It is an open ended debt fund

Deutsche Mutual Fund has filed an offer document for DWS Flexi Debt Fund with Sebi. It is an open ended debt fund. The new fund offer (NFO) price for the scheme is Rs. 10 per unit

The investment objective of the fund is to generate income and capital appreciation by investing in money market and debt instruments with active duration management.

The scheme will offer regular and institutional plan. These plans will have dividend and growth option. The dividend option will further provide a sub option of dividend payout and reinvestment.

The scheme will invest up to 100% in debt instruments including Government Securities and corporate debt with medium risk profile. Investment in money market instruments, cash and equivalent shall be up to 100% with low risk profile. The scheme may invest up to 50% of assets in securitized instruments. The scheme may invest up to 50% of net assets in derivatives only for the purpose of hedging and portfolio balancing.

The scheme may not ask an entry load on lump sum investments in both regular and institutional plan. Regular will charge exit load of 1% if redeemed/ exited within 1 year of allotment while institutional plan may not levy exit load.

Entry load and exit load for Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) will be as applicable to regular investments in the scheme.

The minimum application amount under regular plan will be Rs.5,000 and in multiples of Re.1 thereafter and for institutional plan, the minimum application amount will be Rs 50 lakh and in multiples of Re 1 thereafter.

The fund seeks to raise Rs 1 crore during NFO period.

Benchmark index of the scheme will be CRISIL Composite Bond Fund Index.

Fund Manager of the scheme will be Avnish Jain.

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