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Thursday, May 28, 2015

DWS Hybrid Fixed Term Fund – Series 39 (1100 days) Floats On

NFO period is from 28 May to 11 June 2015 

Deutsche Mutual Fund has unveiled a new fund named as DWS Hybrid Fixed Term Fund – Series 39, a close ended debt fund. The tenure of the scheme is 1100 days from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription from 28 May and closes on 11 June 2015. 

The objective of the fund is to generate income by investing in fixed income securities maturing on or before the date of the maturity of the scheme and to generate capital appreciation by investing in equity and equity related instruments. 

The scheme offers regular plan and direct plan. 

The scheme would invest 45% to 95% of assets in debt and debt related instrument with low to medium risk profile, invest upto 30% of assets in money market instruments with low risk profile and invest 5%-25% of assets in equity and equity related instruments including derivatives with high 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 for the scheme will be nil. 

Benchmark index for the scheme is CRISIL Debt Hybrid 75:25 Index. 

The equity portion of the scheme will be managed by Akash Singhania and debt portion will be managed by Rakesh Suri. 
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