The NFO will open for subscription on October 7 and close on October 17.
Deutsche Asset Management India has launched its 1100 days close ended debt scheme called - DWS Hybrid Fixed Term Fund – Series 31. The NFO will open for subscription on October 7 and close on October 17.
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 also to generate capital appreciation by investing in equity and equity related instruments. The fund is an alternative investment for conservative investors intending to invest in equity markets.
The scheme will be investing 65% to 95% of the net assets in debt and debt related instruments, 5% to 25% in equity and equity related instruments including derivatives and up to 10% in Money Market instruments. The benchmark of the scheme is CRISIL MIP Blended Fund Index.
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 31 is ideally placed to take advantage of opportunities in debt and equity markets. With the launch of DWS Hybrid Fixed Term Fund - Series 31, we are looking at offering investors a low risk investment that taps into opportunities in both equity and debt markets."
