Deutsche Mutual Fund during its new fund offer period i.e. from 4 November to 6 November 2008 has collected Rs 23 crore via DWS Fixed Term Fund Series 61. The investment objective of the scheme is to generate regular income by investing in fixed income securities and money market instruments. This is a close - ended debt fund with the duration of 3 months.The investors will have the choice of two plans viz. regular plan and institutional plan and each plans offers growth and dividend option.
The dividend option offers sub option of dividend payout. The scheme will invest entire corpus in domestic debt instruments including government securities & medium money market instruments and securitized debt. The scheme charges an exit load of 2.00% if the investment is redeemed any time after the date of allotment but before maturity date. There will be no exit load charged on the redemption made on maturity date.
The dividend option offers sub option of dividend payout. The scheme will invest entire corpus in domestic debt instruments including government securities & medium money market instruments and securitized debt. The scheme charges an exit load of 2.00% if the investment is redeemed any time after the date of allotment but before maturity date. There will be no exit load charged on the redemption made on maturity date.
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