The NFO will open for subscription on September 15 and close on September 25.
Deutsche Asset Management India has launched its 40 months close ended debt scheme called DWS Hybrid Fixed Term Fund – Series 30. The NFO will open for subscription on September 15 and close on September 25.
The scheme aims to generate income by investing in 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.
Suresh Soni, MD & CEO, Deutsche Asset Management India said, “Considering the elevated level of interest rates prevailing in debt markets and the improved sentiments in equity markets, DWS Hybrid Fixed Term Fund – Series 30 is ideally placed to take advantage of opportunities in debt and equity markets. With the launch of DWS Hybrid Fixed Term Fund - Series 30, we are looking at offering investors a low risk investment that taps into opportunities in both equity and debt markets.”
The scheme will be investing 65%-75% of the net assets in debt and debt related instruments, 5%-25% in equity including derivatives and up to 10% in money market instruments.
The scheme will be benchmarked against CRISIL MIP Blended Fund Index. DWS Hybrid Fixed Term Fund - Series 30 would be listed on the National Stock Exchange (NSE). The investments would be locked in for the scheme’s tenure; however, the units held in dematerialized form can be traded on the stock exchange(s).No exit load will be applicable.
The investments in equity will be managed by Akash Singhania and the debt portion will be managed by Rakesh Suri.
