Deutsche Mutual Fund is launching a fixed term fund. Named as Deutsche Fixed Term Fund Series 7, the scheme would open for initial subscription on December 28, 2005, and continue till December 29, 2005. The maturity date has been fixed as March 29, 2006, for the same.
It would offer both dividend and growth options. The minimum investment is Rs 5,000 and in multiples of Re 1 thereafter. No entry load would be charged but there is an exit load of 3 per cent if redeemed within a month, 2 per cent after 30 days but within 2 months and 1 per cent after 2 months but redeemed before maturity.
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