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Kolkata , Dec. 8

DEUTSCHE Mutual Fund has proposed to introduce an equity scheme with the BSE 200 as its benchmark index.

The proposed Deutsche Fortune Fund, which will be the second equity product in the MF's stable, will seek to generate capital appreciation over a long term, the offer document sent to SEBI for clearance has indicated. The scheme may consider allocations to debt, money market instruments and derivatives for defensive consideration. Circumstances may also call for investment of 100 per cent of the assets in equity and equity-related instruments.

On the other hand, equity exposure may come down to as low as five per cent in view of market conditions, in which case investment will be made in money market and debt securities. Deutsche Fortune Fund is expected to provide one more option to the MF's investors, who have seen seven schemes being introduced by it so far since January this year. As many as six of these are debt products; the last two (a floating rate fund and a dynamic bond fund) were launched quite recently.

Deutsche Alpha Equity Fund, which has the 50-share NSE Nifty as its benchmark, maintains a diversified portfolio, thanks to its allocations to a variety of sectors. According to Value Research, the scheme was among the top five performers for the one-month period ending October 31.

It clocked 15.7 per cent returns, beating the Nifty, which recorded 9.8 per cent during this period. It took heavy exposure to sectors such as two-wheelers, banking and pharma.

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Deutsche Mutual plans another equity fund

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