Deutsche Mutual Fund has unveiled a fund called DWS Fixed Term Fund Series 46 and it is a close-ended debt fund with maturity of 395 days from the date of allotment. 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 fund will invest up to 100% in domestic debt instruments including government securities and money market instruments and securitised debt. The investment in securitised debt would be up to a maximum of 100% of the net assets of the scheme. The scheme will not invest in foreign securities and foreign securitized debt. The exposure to derivatives shall be restricted to 50% of the net assets of the scheme.
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