DWS Fixed Term Fund – Series 73 : NFO

by khalid on 15/08/2010 · 0 comments

Deutsche Mutual Fund are handled by DWS Investments, the retail mutual fund arm of the Deutsche Bank Group. The company has launched a New Fund Offer (NFO) named as DWS Fixed Term Fund – Series 73 . This is a close ended income scheme for 370 days. The objective of the scheme is to generate regular income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. There can be no assurance that the investment objective of the Scheme will be realized.

The scheme would allocate up to 100% of assets in debt and money market. Investment in securitised debt – Upto 50% of Net Assets of the Plan(s) and investments in derivatives, foreign securities and stock lending.

DWS Fixed Term Fund – Series 73 would be listed on the National Stock Exchange (NSE). The investments would be locked in for the scheme’s tenure; however, the units held in dematerialized form can be traded on the stock exchanges.

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facilities. The dividend reinvestment facility shall be default option under the scheme.

Entry load charge will not be applicable for the scheme. Exit load too is nill.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Mr. Avnish Jain is the Fund Manager of the plan.

Fund NameDeutsche Mutual Fund
Scheme Name DWS Fixed Term Fund - Series 73
Scheme CategoryClose Ended (Income)
NFO Launch Date11th Aug 2010
NFO Closure Date16th Aug 2010
NFO Price Rs 10 per unit.
Min. Subscription AmountRs 5000

For Further Details Please Visit Website : www.dws-india.com

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