Deutsche Asset Management India has launched DWS Hybrid Fixed Term Fund-Series 35, 1100 days close ended debt scheme.
DWS Hybrid Fixed Term Fund-Series 35 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 35 is an alternative investment for conservative investors intending to invest in equity markets.
Suresh Soni, CEO Deutsche Asset Management India said, ''As equity markets continue to rise in the anticipation of a pro-reforms Union budget and a benign interest rate scenario, DWS Hybrid Fixed Term Fund-Series 35 is ideally placed to offer investors a low risk investment that taps into opportunities in both equity and debt markets.''
The fund opens for subscription on Feb. 18, 2015 and closes on Mar. 4, 2015. 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 Fund Index. DWS Hybrid Fixed Term Fund - Series 35 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 65% to 95% of the net assets would be invested in debt and debt related instruments, 5% to 25% of net assets would be invested in equity and equity related instruments including derivatives and upto 10% would be invested in Money Market instruments.