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Tuesday, September 29, 2009

DWS Treasury Fund Floats On

NFO Period from 25 September - 08 October 2009

Deutsche Asset Management has launched DWS Treasury Fund (DTF). The scheme is an open-ended debt fund. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is opened for subscription from 25 September 2009 to 08 October 2009.

The primary objective of the scheme is to provide liquidity and generate stable returns by investing in a mix of short term debt and money market instruments.

The Scheme shall offer two plans - Cash and Investment plan. Both the plans carry two options namely, regular and institutional which further has a sub option of dividend and growth option. Dividend option offers only daily reinvestment option.

The minimum investment amount under Regular option is Rs 5000 per application and in multiples of Re 1 thereafter. While under the Institutional option minimum investment would be Rs 1 crore per application and in multiples of Re 1 thereafter.

Under the investment plan the fund would invest 85% to 100% in debt securities and money market instruments with duration not greater than 1 year, with low risk profile and it will invest the remaining 0%-15% in debt securities with duration greater than 1 year, with low to medium risk profile.

Under the cash plan the fund would invest 50%-100% in debt securities and money market instruments with duration not greater than 91 days carrying low risk profile, from 0%-50% in debt securities and money market instruments with duration not greater than 91 days but not greater than 1 year again carrying low risk profile and finally the remaining 0%-15% in debt securities with duration greater than 1 year carrying low to medium risk profile.

The entry load will not be applicable for both cash and investment plan. The exit load remains nil for cash plan while for the investment plan there will be an exit load of 1.00% if redeemed/switched out with in 12 months of allotment.

Crisil Liquid Fund Index will remain the benchmark for the scheme.

The fund will be managed by Dwijendra Srivastava.

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