Deutsche Asset Management India launches FMP–Series 68 and 69

The objective of the schemes is to generate income by investing in debt and money market instruments

May 02, 2014 2:45 IST | India Infoline News Service
Deutsche Asset Management India has launched fixed maturity plans. DWS FMP – Series 68 NFO opened for subscription today and will close on 12 May 2014 and DWS FMP–Series 69 NFO will open for subscription on 9th and will close on 19th May 2014.
The objective of the above 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 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, “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 68 and 69 we look forward to tap the appetite of investors for such products. The current offerings mature in 2 years, therefore investors can also avail of the benefit of tax efficient returns due to the Indexation effect.”

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