Comments
Deutsche Asset Management, part of global banking major Deutsche Bank AG, has filed papers with market regulator SEBI to start a bond mutual fund linked to inflation.
“The investment objective is to generate income and capital appreciation indexed to inflation by investing in a portfolio of inflation indexed bonds,” as per the scheme information document filed with SEBI.
The ‘DWS Inflation Indexed Bond Fund’ expects to allocate a minimum 70 per cent towards inflation-linked bonds.
According to the document, this fund would have low risk.
Details about amount to be raised and launch date were not mentioned in the document.
Deutsche Asset Management (India) Pvt Ltd, is the mutual fund division of Deutsche Asset & Wealth Management in India.
Last month, the Reserve Bank of India (RBI) had announced launching inflation-linked bonds every month, as part of its efforts to discourage investments in gold. The bonds are expected to attract household savings of up to Rs 15,000 crore in the current fiscal.
Government’s first issue of the 10-year inflation indexed bonds on June 4 fetched Rs 1,000 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.