Deutsche Mutual Fund has notified introduction of 'Institutional Plan' under DWS Premier Bond Fund and DWS Short Maturity Fund.
Details of the plan introduced are as follows:
Minimum Application Amount: Rs. 50 Lakhs.
Minimum Additional Application: Rs. 1000
Minimum Withdrawal: Rs. 1000.
Allotment: Units will be alloted at Rs. 10 per unit and subsequently at the applicable NAV under the schemes.
DWS Premier Bond Fund: Growth and Dividend (Monthly, Quarterly and Annual Payout and Reinvestment)
DWS Short Maturity Fund: Growth option and Dividend (Weekly Reinvestment and Monthly Payout and Reinvestment) option
Entry load: Nil.
Exit load: NIL
Benchmark: Crisil Composite Bond Fund Index.
Total recurring expenses (estimated): 2% of net assets (including Management Fee of 1.25%).
The 'Institutional Plan' under the schemes shall be introduced with effect from December 11, 2008 and the existing plan shall be renamed as 'Regular Plan'. Both the plans will share common portfolio.