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Deutsche Mutual Fund to Launch Fixed Term Fund

Deutsche Asset Management (India) Pvt Ltd is launching a fixed term fund. Named as Deutsche Fixed Term Fund, the scheme would remain open for initial subscription on March 29, 2005. The first NAV will be declared on March 30, 2005.

A close-end scheme, the fund aims to generate regular income by investing in high credit quality fixed/floating securities. It would offer both dividend (payout/reinvestment) and growth options. The minimum investment is Rs 1 lakh and in multiples of Re 1 thereafter. No entry load would be charged.