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Deutsche Asset MF launches Fixed Maturity Plan–Series 47, 48

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

February 06, 2014 3:44 IST | India Infoline News Service
Deutsche Asset Management India has launched two new schemes-DWS Fixed Maturity Plan (FMP) – Series 47, a 427 days close ended debt fund and DWS Fixed Maturity Plan (FMP) – Series 48, a 370 days close ended debt fund
The objective of both 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. While DWS FMP – Series 47 will predominantly invest in Non Convertible Debentures (NCDs)/Bonds and Money market instruments, DWS FMP – Series 48 will predominantly invest in Certificate of Deposits (CDs), Commercial Papers (CPs), Non Convertible Debentures (NCDs)/Bonds and Money market instruments. The benchmark for both schemes is CRISIL Short Term Bond Fund Index. Similarly minimum investment for both schemes is Rs.5000 per application. Entry and Exit Load is Nil during the NFO period for both schemes.
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 47 & 48, we look forward to tap the appetite of investors for such products. The current offerings are - 427 days and 370 days close ended debt funds respectively, therefore investors can also avail of the benefit of tax efficient returns due to the Indexation effect.”

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