DWS FTF Series 69 files offer document with Sebi

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

Mutual fund

DWS FTF - Series 69 files offer document with Sebi

Capital Market

Thursday, October 29, 2009 (New Delhi)

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DWS Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch DWS Fixed Term Fund - Series 69, a close-ended debt fund. The new fund offer (NFO) price for the scheme is Rs. 10 per unit.

The objective of the scheme is to generate regular income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme.

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

The Scheme will be for a duration of 12-60 months from the date of allotment. The exact duration of the Scheme shall be decided at the time of launch of the Scheme and the Scheme will be fully redeemed / wound up at the end of the period.

The scheme may invest 80% - 100% of corpus 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 is 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 of Rs 1 crore to be raised during the NFO period.

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

The scheme is proposed to be listed on the National Stock Exchange.

The fund manager of the scheme will be Avnish Jain.

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