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Deutsche Asset Management launches Fixed Maturity Plan-Series 45

NFO opens for subscription on 30th January and closes on 3rd February 2014

January 24, 2014 4:12 IST | India Infoline News Service
Deutsche Asset Management India launches DWS Fixed Maturity Plan – Series 45, a 435 days close ended debt fund. The objective of the scheme 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 scheme will invest predominantly in NCDs/Bonds and Money market instruments.
The benchmark is CRISIL Short Term Bond Fund Index. Minimum investment is Rs.5000 per application. There is no entry and exit load.
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 45, we look forward to tap the appetite of investors for such products. The current offering is 435 days close ended debt fund, therefore investors can also avail of the benefit of tax efficient returns due to the Indexation effect.”

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