DWS to launch DWS Fixed Term Fund - SERIES 17

New Delhi, Oct 4 (UNI) DWS Investments (DWS), the leading retail brand of Deutsche Asset Management (DeAM), global asset management business of Deutsche Bank, today launched DWS Fixed Term Fund (DFTF)- Series 17, a close-ended fund with a three-year maturity period.

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

The fund offers two plans for investments -- Institutional plan and Regular plan. However, the portfolio for the two plans will be same. The New Fund Offer (NFO) will close on October 19.

Commenting on the NFO, DWS India CEO Sandeep Dasgupta said, the fund management team would endeavour to meet the investment objective while maintaining a balance between safety and return on investments.

Minimum investments would be Rs one crore for Institutional plan and Rs 5,000 for Regular plan per application, and in multiples of Rupee one thereafter.

However, there is no entry load but an exit load will be charged if redeemed before the maturity date, depending on the time of redemption. On institutional plan the exit load will be two per cent if the investor redeems anytime from the date of allotment but before maturity date and the exit load on Regular plan would be three per cent.

The scheme also provides Life Insurance cover to all individual applicants who are in the specified age group. The sum assured payable should be equal to the amount invested subject to maximum insurance coverage of Rs five lakh.

Investor should refer to the offer document for the terms and conditions applicable. Only the first/sole unit holder will be covered under the insurance scheme.

DeAM is one of the world's leading investment management organisations in terms of the quality and breadth of investment products, asset management expertise and client service.

It provides asset management capabilities to a variety of clients worldwide including foundations, non-profit organisations, public and private superannuation funds, high-net-worth individuals and retail investors.

DWS Investments is the leading mutual fund arm of DeAM. It is one of the top 10 largest mutual fund managers worldwide and is the third largest mutual fund company in Europe.

UNI SRS CS HT1820