Deutsche Asset MF launches fixed maturity plans

India Infoline News Service | Mumbai |

The objective of the schemes is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity

Deutsche Asset Management India has launched DWS Fixed Maturity Plan – Series 62, a 367 days close ended debt fund. The AMC has also launched DWS Fixed Maturity Plan – Series 63, a 373 days close ended debt fund.

The objective of the schemes is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. The schemes will invest predominantly in Commercial Papers, Non Convertible Debentures (NCD)/Bonds. The benchmark, minimum investment and entry & exit load are the same for all above mentioned schemes. The benchmark is CRISIL Short Term Bond Fund Index. Minimum investment: Rs.5000 per application. There is zero Entry and Exit Load during the NFO period

Suresh Soni, MD & CEO, Deutsche Asset Management India said, “Considering the recent increase in policy rates by RBI, we believe that Fixed Maturity Plans are an ideal investment avenue for investors seeking to lock in the current yields. With the launch of DWS Fixed Maturity Plan – Series 62 and 63 we look forward to tap the appetite of investors for such products. The current offerings mature in a band of 367 to 373 days, therefore investors can also avail of the benefit of tax efficient returns due to the Indexation effect.”


 

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