Mumbai: Deutsche Mutual Fund has revised the exit load structure in Deutsche Money Plus with effect from March 16, 2011. The fund house will charge 1 per cent as exit load if units are redeemed within 1 year from the date of allotment. The scheme earlier charged 1 per cent as exit load if units were redeemed within 3 months from the date of allotment.
Deutsche Money Plus is an open ended debt scheme with the investment objective to generate steady return by investing in debt and money market securities across the credit spectrum. The scheme is jointly managed by Kumaresh Ramakrishnan and Rakesh Suri. It is benchmarked against CRISIL Liquid Fund Index.
