Deutsche Asset Management India announced the
launch of its open ended debt scheme called DWS Corporate Debt Opportunities
Fund.
The new fund offer opens for subscription on September 9 and closes on September 23.
The scheme aims to generate income and capital
appreciation by investing predominantly in corporate debt. The scheme shall
invest 80-100% in Corporate Debt Securities including securitized debt and
0-20% under CBLO, Reverse Repo, T Bills, and money market instruments.
Suresh Soni, MD & CEO, Deutsche Asset
Management India said, “Improving business confidence and demand conditions
reflect an improving corporate credit environment. DWS Corporate Debt
Opportunities Fund seeks to benefit from this trend by actively identifying
investment opportunities across the credit spectrum. DWS Corporate Debt Opportunities
Fund is an ideal investment solution for investors, seeking steady returns over
the medium term from fixed income investments.”
The benchmark of the scheme is CRISIL Short
Term Bond Fund Index. The exit load, if redeemed within 12 months of allotment
will be 3%, between 12-24 months will be 2% and if redeemed within 24-36 months
of allotment the exit load will be 1%.
The fund will be managed by Nitish Gupta.
