The Hindu Business Line : Deutsche MF plans Flagship Equity Fund

DEUTSCHE MF has mooted a fund that will chiefly invest in equities. It will also be free to invest in debt securities, subject to a limit of 35 per cent.

The proposed Deutsche Flagship Equity Fund, billed as a `flexi cap' scheme, will have the S&P CNX 500 as its benchmark index. Under normal circumstances, 80 per cent of the assets will be allocated to equities and equity-related securities of companies in the infrastructure sector, the offer document filed with SEBI has stated. The equity exposure can be scaled up to 100 per cent if the situation warrants. A 20 per cent allocation to debt, including securitised debt, is also possible.

Mr Suresh Soni and Mr Vinay Kulkarni have been named as the fund managers for debt and equity respectively. Deutsche Flagship, the third scheme to be mooted by the mutual fund in recent times after Deutsche Infrastructure Fund and Deutsche Stable Growth Fund, will invest in stocks through market capitalisation.

The business fundamentals of companies, their financial strength, industry structure, management quality and future earnings expectations will be considered before investments are made.

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