Deutsche MF launches DWS Hybrid Fixed Term Fund-Series 21

DWS Hybrid Fixed Term Fund–Series 21 NFO open for subscription from 16th-30th April 2014

April 15, 2014 4:43 IST | India Infoline News Service
Deutsche Asset Management India launched DWS Hybrid Fixed Term Fund–Series 21, a 39 months close ended debt scheme.

DWS Hybrid Fixed Term Fund-Series 21 is a debt fund that takes advantage of the trends in Fixed Income and Equity markets with a hybrid portfolio. A hybrid portfolio of debt and equity instruments would typically have low volatility as compared to equity; endeavors to preserve capital with potential for capital appreciation; and have a lower risk vis-a-vis a pure equity portfolio. The DWS Hybrid Fixed Term Fund – Series 21 is an alternative investment for conservative investors intending to invest in equity markets.

The fund opens for subscription on 16th April 2014 and closes on 30th April 2014. The objective of the Scheme is to generate income by investing in fixed income securities maturing on or before the date of the maturity of the Scheme and to generate capital appreciation by investing in equity and equity related instruments. The benchmark is CRISIL MIP Blended Fund Index. DWS Hybrid Fixed Term Fund - Series 21 would be listed on the National Stock Exchange (NSE). The investments would be locked in for the scheme’s tenure; however, the units held in dematerialized form can be traded on the stock exchange(s).

The unit offer price is Rs. 10/- per unit during NFO period. No entry and exit load will be applicable. An investor can invest with a minimum of Rs. 5,000/- and in multiples of Rs. 1/- thereafter. The asset allocation pattern is 75 - 100% in Domestic Debt Instruments including government securities, upto 20% in Money Market Instruments, Cash & Cash Equivalents and 5 - 20% in Equity and Equity related securities.

Suresh Soni, MD & CEO, Deutsche Asset Management India said, “Considering the elevated level of interest rates prevailing in debt markets and the improved sentiments in equity markets, DWS Hybrid Fixed Term Fund – Series 21 is ideally placed to take advantage of opportunities in debt and equity markets. With the launch of DWS Hybrid Fixed Term Fund - Series 21, we are looking at offering investors a low risk investment that taps into opportunities in both equity and debt markets.”

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