Deutsche Mutual Fund has introduced an institutional plan under the Deutsche Insta Cash Plus Fund today (June 25, 2004).
The minimum amount required to invest in the new plan is pegged at Rs 5 crore and in multiples of Rs 1 lakh. The plan will have Growth and Dividend sub plans. Further, the dividend sub-plan will have following option -- Daily Reinvestment, Regular Reinvestment, Weekly Reinvestment and Regular Payout.
The new institutional plan will have the same portfolio as that of the existing Deutsche Cash Plus Fund. There is no entry or exit load in the plan. Deutsche Insta Cash Plus Fund is an an open-ended debt ultra short-term fund.