Deutsche Mutual Fund has announced following changes in fundamental attributes of DWS Twin Advantage Fund, with effect from January 12, 2015.
Name of scheme: The name of the scheme has been changed to DWS Equity Income Fund. Now, it will be an open ended equity scheme.
Benchmark: The benchmark will be 75 per cent in CRISIL Liquid Fund Index and 25 per cent in CNX Nifty.
Investment Objective: The investment objective of the scheme is to provide capital appreciation and income distribution to the investors by investing in equity & debt instruments and arbitrage opportunities.
Asset Allocation: The asset allocation pattern has been changed to 65-90 per cent allocation in equity and related instruments and 10-35 per cent allocation in debt and money market instruments.
Exit load: The exit load will be 1 per cent for redemption/ switching out units within 18 months.
Total Expense Ratio: It will be upto 2.50 per cent per annum.
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