Deutsche Mutual Fund - DWS Money Plus Advantage Fund
Deutsche Mutual Fund has recently filed draft offer documents before SEBI for its upcoming open ended debt fund scheme.
The investment objective of the Scheme is to generate regular income by investing primarily in investment grade fixed income securities / money market instruments, and to attain capital appreciation by investing a small portion in equity / equity related instruments.
CRISIL MIP Blended Fund Index will be taken as the Benchmark
The fund comes in Institution Plan and Regular Plan. The portfolio for the two Plans will be one and the same. Dividend (Payout & Reinvestment) and Growth options will be available.
For the Regular Plan, the Minimum application amount is Rs. 5,000 (Five Thousand) per application and in mulitiples of Rs. 1 threafter. Unitholders of other Schemes of Deutsche Mutual Fund have an option to switch from the other Scheme to this Scheme, however, the switch request should be accompanied with the application form. Minimum additional is Rs. 1000 and multiples of Rs. 1.
There is no entry load but an exit load of 0.10% will be applicable if the investor redeems within 15 days from the allotment of units.
It may be recalled that Deutsche Mutual Fund has already filed draft offer documents for DWS Capital Protection Oriented Fund which is a 3 years close ended Fund. This fund is a capital protection oriented fund that Objective endeavors to protect the capital by investing in high quality fixed income securities and generate capital appreciation by investing in equity and equity related instruments.
Add commentMarch 15th, 2007