Deutsche Mutual Fund launches DWS Fixed Term Fund - Series 14

Deutsche Mutual Fund has launched DWS Fixed Term Fund - Series 14. The 375-day close-ended fixed term fund will invest in debt and money market instruments, which mature in line with the time profile of the fund. The scheme offers dividend and growth options and has a minimum investment of Rs 5,000.

No entry load will be charged by the fund. An exit load of 3 per cent will be charged if redemption is made within four months of subscription. The exit load will be 2 per cent if redeemed between four and eight months and 1 per cent if redeemed after eight months but before maturity. There will be no load if the fund is redeemed on maturity.

Benchmarked against CRISIL Short-Term Bond Fund Index, this new fund offer is open for initial subscriptions from July 10-17.

Source : Equity Bulls

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