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Deutsche Mutual Launches FTF Series 16

Deutsche Mutual Fund announced the launch of another fixed term plan: DWS Fixed Term Fund - Series 16. The new fund offer period will be open from August 7 to August 9, 2006.

The scheme would primarily invest in debt and money market instruments, usually maturing in line with the time profile of the fund and upto 10 per cent of its assets in equity/equity related instruments. The duration of the scheme will be 370 days from the date of allotment. The fund would benchmark its performance against CRISIL MIP Blended Fund Index.

DWS Fixed Term Fund - Series 16 offers two plans: Institution Plan and Regular Plan. Each one of them offers a dividend and a growth option. The minimum investment under the Regular Plan is Rs 5000, while for the Institutional Plan, it is Rs 1 crore.

The new fund issue expenses will be borne by the AMC. The fund will not charge any entry load but an exit load of 3% if the investment is redeemed within 4 months from the date of allotment, 2% if redeemed after 4 months but before 8 months from the date of allotment and 1% if redeemed anytime after 8 months from the date of allotment but before maturity date. No load would be charged on the redemption on the maturity date.