Deutsche Mutual Fund has collected Rs 232 crore through its DWS Fixed Term Fund- Series 44 during its initial offer period from 21 January 2008 to 6 February 2008.
DWS FTF Series 44 has collected amount of more than Rs 232 crore. The DWS FTF – Series 44, which is a 12 months close-ended debt fund, was open for subscription between 21 January-5 February 2008. The objective of the fund is to generate regular income by investing in fixed income securities and money market instruments, usually maturing in line with the time profile of the fund.
The investors will have the choice of two plans viz. regular plan and institutional plan. Each plans offers growth and dividend option.
The fund will invest up to 100% in domestic debt instruments including government securities and money market instruments and securitised debt.
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