The NFO will open for subscription on September 19 and close on September 26.
Deutsche Asset Management India has launched its 1100 days close ended debt fund called DWS FMP – Series 77. The NFO will open for subscription on September 19 and close on September 26.
The scheme aims to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. The scheme will be investing predominantly in Domestic Debt instruments including Govt. Securities.
The benchmark of the scheme is CRISIL Composite Bond Fund Index.
Suresh Soni, MD & CEO, Deutsche Asset Management India said, “We believe that Fixed Maturity Plans are an ideal investment avenue for investors seeking to lock in the current yields. With the launch of DWS Fixed Maturity Plan – Series 77 we look forward to tap the appetite of investors for such products. The current offerings mature in over 3 years; therefore investors can also avail of the benefit of tax efficient returns due to the Indexation effect.”
