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Friday, October 26, 2007

Deutsche MF Launches DWS Money Plus Advantage

Deutsche Mutual Fund launches DWS Money Plus Advantage. NFO period from 15 October-1 November 2007. Open-End, Debt Scheme.The scheme aims to generate regular income by investing primarily in the investment grade fixed income securities and money market instruments. The fund manager may invest a small proportion of the assets in equity and equity linked instruments to enhance returns.

Around 90-100 % of investments would be allocated towards domestic debt instruments. Equity component in the portfolio would be upto 10%.

Fund Opens on 15 October 2007. and Closes on 1 November 2007. Face Value of Rs.10. Growth, Dividend (Payout and Reinvestment). Exit Load: An exit load of 0.10% would be charged if the investment is redeemed within 3 months from the date of allotment. Rs. 5000(for the regular plan) and Rs 1 crore (for the institutional plan).

Posted by Indian-commodity at 10:19 AM

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