Deutsche Mutual Fund has launched the NFO DWS Hybrid Fixed Term Fund - Series 7, a close ended debt fund.
The NFO opens for subscription on June 13, 2012 and closes on June 27, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 39 months from the date of allotment. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL MIP Blended Fund Index. The minimum application amount is Rs 5000 and in multiple of Rs 1 thereafter.
The investment objective of the scheme is to generate income by investing in high quality fixed income securities maturing on or before the date of the maturity of the scheme and to generate capital appreciation by investing in equity and equity related instruments.
Source: Accord Fintech
