Deutsche MF has filed an
offer document for Deutsche Gold & Precious Metals Offshore Fund
Mumbai:
Deutsche has filed an offer document with SEBI to launch Deutsche Gold & Precious Metals Offshore
Fund, an open ended overseas fund of funds
scheme.
The investment objective is to generate capital appreciation by investing predominantly in units of
DWS Invest Gold & Precious Metals Equities Fund. The scheme would allocate
90-100 per cent of assets in DWS Invest Gold & Precious
Metals Equities Fund or other similar overseas mutual fund schemes with medium
to high risk profile. It
would further invest up to 10 per cent of assets in money market
instruments with low to
medium risk profile.
The fund will be benchmarked
against S&P BMI Global
Gold and Precious Metals. The scheme will charge 1 per cent exit load if units
are redeemed within 12 month from the date of allotment. The fund will be
managed by Kumaresh Ramkrishnan, Head – Fixed
Income.
