DWS FMP – Series 73 NFO open for subscription from 1st – 10th July 2014
DWS FMP – Series 74 NFO open for subscription from 9th – 18thJuly 2014
Deutsche Asset Management India launches:
- DWS Fixed Maturity Plan – Series 73, a 2 years close ended debt fund
- DWS Fixed Maturity Plan – Series 74, a 2 years close ended debt fund
The objective of the above schemes is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. The schemes will invest predominantly in Non Convertible Debentures (NCD)/Bonds. The benchmark, minimum investment and entry & exit load are the same for all above mentioned schemes. The benchmark is CRISIL Short Term Bond Fund Index. Minimum investment: Rs.5000 per application. There is zero Entry and Exit Load during the NFO period
Suresh Soni, MD & CEO, Deutsche Asset Management India said, “We believe that Fixed Maturity Plans are an ideal investment avenue for investors seeking to lock in the current yields. With the launch of DWS Fixed Maturity Plan – Series 73 and 74 we look forward to tap the appetite of investors for such products. The current offerings mature in 2 years, therefore investors can also avail of the benefit of tax efficient returns due to the Indexation effect.”
Deutsche Asset Management (India) Pvt. Ltd.
Deutsche Asset Management established its business in India in 2002, and today has INR 18795 crore average assets under management (as of quarter Jan – Mar 2014). Over the last few years, the firm has built a strong investment performance track record. Its product portfolio spans debt and equity schemes; domestic and offshore funds. Deutsche Asset Management (India) Pvt. Ltd. is the Mutual Fund business of Deutsche Asset & Wealth Management in India.
Deutsche Asset & Wealth Management
With $1.29 trillion (INR 77,56,125 crore) of assets under management (as of March 31, 2014), Deutsche Asset & Wealth Management¹ is one of the world’s leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high-net-worth individuals and family offices.
¹ Deutsche Asset & Wealth Management is the brand name of the Asset Management and Wealth Management division of the Deutsche Bank Group. The legal entities offering products or services under the Deutsche Asset & Wealth Management brand are listed in contracts, sales materials and other product information documents.