DWS Hybrid Fixed Term Fund – Series 23 NFO open for subscription from 18th June – 2nd July 2014
Deutsche Asset Management India launches: DWS Hybrid Fixed Term Fund – Series 23, 3 years close ended debt scheme.
DWS Hybrid Fixed Term Fund – Series 23 is a debt fund that takes advantage of the trends in Fixed Income and Equity markets with a hybrid portfolio. A hybrid portfolio of debt and equity instruments would typically have low volatility as compared to equity; endeavors to preserve capital with potential for capital appreciation; and have a lower risk vis-a-vis a pure equity portfolio. The DWS Hybrid Fixed Term Fund – Series 23 is an alternative investment for conservative investors intending to invest in equity markets.
The fund opens for subscription on 18th June 2014 and closes on 2nd July 2014. The objective of the Scheme is to generate income by investing in fixed income securities maturing on or before the date of the maturity of the Scheme and to generate capital appreciation by investing in equity and equity related instruments. The benchmark is CRISIL MIP Blended Index. DWS Hybrid Fixed Term Fund – Series 23 would be listed on the National Stock Exchange (NSE). The investments would be locked in for the scheme’s tenure; however, the units held in dematerialized form can be traded on the stock exchange(s).
The unit offer price is Rs. 10/- per unit during NFO period. No entry and exit load will be applicable. An investor can invest with a minimum of Rs. 5,000/- and in multiples of Rs. 1/- thereafter. The asset allocation pattern is 75 – 100% in Domestic Debt Instruments including government securities, upto 20% in Money Market Instruments, Cash & Cash Equivalents and 5 – 20% in Equity and Equity related securities.
Suresh Soni, MD & CEO, Deutsche Asset Management India said, “Considering the elevated level of interest rates prevailing in debt markets and the improved sentiments in equity markets, DWS Hybrid Fixed Term Fund – Series 23 is ideally placed to take advantage of opportunities in debt and equity markets. With the launch of DWS Hybrid Fixed Term Fund – Series 23, we are looking at offering investors a low risk investment that taps into opportunities in both equity and debt markets.”
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 & 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.