Deutsche MF launches new fund of fund called DWS Global Thematic Offshore Fund. NFO period from 31 July-28 August 2007 The primary investment objective of the scheme is to generate long-term capital growth from a diversified portfolio of units of overseas mutual funds. Asset Allocation: The fund will invest up to 80%-100%; in units / securities issued by overseas mutual funds or unit trusts and 0%-20% debt instruments including government securities, corporate debt, money market instruments (incl. cash equivalents), securitised debt and units of domestic money market mutual funds. The investment in securitised debt would be up to a maximum of 70% of the non-equity allocation of the scheme.
Fund Opens: 31 July 2007
Fund Closes: 28 August 2007
Face Value: Rs 10 with applicable entry load.
Investment Options: The scheme offers dividend and growth option. Under the dividend option the scheme offers reinvestment and payout option.
Entry Load: The scheme charge an entry load of 2.50% for investment less than Rs 5 crore. There will no entry load charged for the investment above Rs 5 crore.
Exit Load: The scheme charges an exit load of 0.50% for the investment less than Rs 5 crore, redeemed within one year of investment. The scheme charge an exit load of 0.50% for the investment above Rs 5 crore if that investment is redeemed before 6 months from investment.
Minimum Investment Amount: Rs 5, 000 and in multiple of Re 1 thereafter.
Monday, July 30, 2007
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