DWS FTF Series 68 files offer document with Sebi

News Flash

FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 29/10/2009 | 12:00 AM IST

Mutual fund

DWS FTF - Series 68 files offer document with Sebi

Capital Market

Thursday, October 29, 2009 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

DWS Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch DWS Fixed Term Fund - Series 68, a close-ended debt fund. The new fund offer (NFO) price for the scheme is Rs 10 per unit.

The objective of the fund is to generate regular income by investing in debt and money market instruments usually maturing in line with the time profile of the fund.

The scheme shall offer regular and institutional plan with sub-options of dividend (payout) and growth option.

The duration of the scheme is 12-60 months from the date of allotment of units. The Units can be traded on the NSE post listing.

The scheme may invest 80% - 100% of asset in domestic debt instruments including government securities & money market instruments and securitized debt with low to medium risk profile. Investment in securitized debt would be up to 100% of the net assets of the scheme.

Entry and exit load charge will be nil for the scheme.

Minimum application amount will be Rs 5000 per application and in multiples of Re 1 thereafter for regular plan and Rs 10 lakh per application and in multiples of Re 1 thereafter for institutional plan.

The minimum subscription (target) amount will be Rs 1 crore to be raised during the NFO period.

The Scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index.

The fund manager of the scheme will be Avnish Jain.

Powered by Capital Market - Live News