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Friday, August 01, 2014

DWS Fixed Maturity Plan - Series 75 Floats On

NFO period is from 01 August to 11 August 2014

Deutsche Mutual Fund has unveiled a new fund named as DWS Fixed Maturity Plan - Series 75, a 1099 days close ended debt fund. The tenure of the scheme is 1099 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 01 August to 11 August 2014. 

The objective of the scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. 

The scheme offers regular option and direct option. Direct plan is only for investors who purchase /subscribe units in a scheme directly with the fund and is not available for investors who route their investments through a distributor. Dividend payout (regular, quarterly and annual) and growth are the sub-options offered under the scheme. 

The scheme would allocate 80%-100% of assets in domestic debt instruments including government securities and securitized debt excluding money market instrument with low to medium risk profile and invest upto 20% of assets in money market instruments with low risk profile. 

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

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be nil for the scheme. 

The benchmark index will be CRISIL Composite Bond Fund Index. 

The fund manager for the scheme is Rakesh Suri.
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