Deutsche Mutual Fund is planning to introduce an Institutional Plan under DWS Money Plus Fund. The fund would be open for subscription only for one day i.e. November 6, 2006. The minimum investment amount would be Rs.5 Crs and minimum redemption amount would be Rs.1 lacs. The scheme will open for fresh investment from November 07, 2006. Its expense ratio will be 0.50 per cent. The fund would not charge any entry load but an exit load of 0.10% if redeemed within 15 days from the date of allotment. The fund would benchmark its performance against CRISIL Liquid Fund Index.
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