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Deutsche Mutual launches DWS FTP Series 14

Deutsche Mutual has launched DWS FTP Series 14, which will be open for initial subscriptions from July 10, 2006 to July 17, 2006.

The minimum investment in the fund is Rs 5000. It has a tenure of 375 days.The fund would benchmark its performance against CRISIL Short Term Bond Fund Index.

The fund would not charge any entry load but an exit load would be charged. An exit load of 3% would be charged, if redeemed within 4 months, 2% if redeemed after 4 months but within 8 months, 1%, if redeemed any time after 8 months but before maturity date. No load would be charged if redeemed at the time of maturity.