Business Daily from THE HINDU group of publications Wednesday, Apr 18, 2007 ePaper |
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Markets
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New Fund Offer Our Bureau
Mumbai April 17 DWS Investments (DWS), the retail mutual fund arm of Deutsche Bank, on Tuesday launched the first in a series of structured and capital protected products DWS Capital Protection Oriented Fund, through Deutsche Asset Management India (DeAM India). The DWS Capital Protection Oriented Fund has been assigned AAA rating by Crisil. It is a close-ended fund with a three-year maturity period. The New Fund Offer (NFO) started on April 10 and ends on May 3. The fund's main objective is to protect the investors' capital by investing in high quality fixed income securities and generate capital appreciation by investing in equity and equity related instruments in BSE-500 companies. The fund would invest 80-100 per cent of net assets in debt securities and money market instruments and 0-20 per cent of net assets in equities and equity-linked instruments. Minimum investment in the fund is Rs 5,000 and in multiples of Re 1, thereafter.
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