Deutsche Mutual Fund has announced that with effect from January 21, 2011, the Auto Sweep Plan under DWS Short Maturity Fund will be renamed as Premium Plus Plan.
Further, Premium Plus plan will have growth and dividend options. Dividend option would have sub options of monthly, quarterly, annual with payout & reinvestment facility. Earlier Dividend option used to have sub options of daily/weekly reinvestment facility.
The minimum application amount will be Rs 25,000 and in multiples of Rs 1 thereafter. Earlier minimum application amount was Rs 50,000 and in multiples of Rs 1 thereafter.