Deutsche Mutual Fund has announced the following changes:
1. Total Expense Ratio (TER):
As per regulation 5 (6A) of SEBI (Mutual Funds) Regulations. 1996, additional TER Up to 30 basis points will be charged on daily net assets of the scheme, if the new inflows from beyond top 15 cities are at least (a) 30% of gross new inflows in the scheme or (b) 15% of the average AUM (year to date) of the scheme, whichever is higher.
2. Changes in minimum application amount, minimum application for additional investment, minimum redemption amount under DWS Money Plus Fund - Institutional Plan, DWS Insta Cash Plus Fund - Super Institutional Plan and DWS Ultra Short Term Fund - Institutional Plan.
Minimum Application Amount: Rs 5,000 and in multiples of Re.1 thereafter
Subsequent purchases: Minimum amount of Rs 1,000 and multiples of Re.1 thereafter.
Minimum Redemption Amount For DWS Money Plus Fund - Institutional Plan: Rs 1,000 or 100 units or account balance, whichever is lower.
3. Single plan structure of open ended schemes of DMF:
DWS Alpha Equity Fund, DWS Investment Opportunity Fund, DWS Money Plus Advantage Fund, DWS Cash Opportunities Fund, DWS Short Maturity Fund, DWS Premier Bond Fund, DWS Gilt Fund, DWS Treasury Fund Cash Plan & Institutional Plan will offer only Regular Plan.
DSP Money Plus Fund and DWS Ultra Short Term Fund, will offer only Institutional Plan.
DWS Insta Cash Plus Fund, will offer Super Institutional Plan.