Deutsche mutual fund has extended the new fund-offering (NFO) period of DWS Fixed Term Fund - Series 55 to 26 August 2008 instead of 19 August 2008. The new fund offer was opened for subscription on 18 August 2008. DWS Fixed Term Fund - Series 55 is a 370 days close-ended debt scheme. The objective of the scheme is to generate income by investing fixed income securities / money market instruments usually maturing in line with the time profile of the fund.
The scheme offers regular and institutional plans. Both plans offer two options i.e. growth and dividend payout facility. The minimum investment amount under regular plan is Rs 5,000 and in multiples of Re 1 thereafter and Rs. 50 lakh and in multiples of Re 1 thereafter under institutional plan. The scheme will invest up to 100% in domestic debt instruments including government securities & medium money market instruments and securitized debt including cash and cash equivalents.
The scheme offers regular and institutional plans. Both plans offer two options i.e. growth and dividend payout facility. The minimum investment amount under regular plan is Rs 5,000 and in multiples of Re 1 thereafter and Rs. 50 lakh and in multiples of Re 1 thereafter under institutional plan. The scheme will invest up to 100% in domestic debt instruments including government securities & medium money market instruments and securitized debt including cash and cash equivalents.
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