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Thursday, August 14, 2014

Deutsche MF Launches DWS Arbitrage Fund

NFO period is from 13 August to 22 August 2014 

Deutsche Mutual Fund has launched a new fund named as DWS Arbitrage Fund, an open ended equity scheme. The new fund offer price for the scheme is Rs 10 per unit. The new issue opens for subscription from 13 August to 22 August 2014. 

The scheme intends to generate income by investing in arbitrage opportunities that potentially exist between the cash and derivatives market as well as within the derivatives segment of the market. Investments may also be made in debt & money market instruments. 

The scheme offers growth dividend (regular, monthly, quarterly & annual) payout & re-investment and bonus (regular and annual) options. 

The scheme would allocate 65%-100% of assets in equity and equity related instruments including index and stock derivatives with high risk profile and invest upto 35% of assets in debt and money market instruments with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiple of Rs 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry Load: Nil 

Exit Load: 0.5%, if redeemed/ switched out within 90 days from date of allotment. 

Benchmark index for the scheme is CRISIL Liquid Fund Index. 

The equity portion of the scheme will be managed by Akash Singhania and debt portion will be managed by Kumaresh Ramakrishnan.
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