Deutsche MF launches DWS Fixed Term Fund - Series 74


Bangalore: Deutsche Mutual Fund has unveiled a new close ended growth scheme, DWS Fixed Term Fund - Series 74. The new fund offer opens on 27 August, 2010 and will be available till 2 September, 2010. The minimum investment amount of the scheme is 5,000. The investment objective of the scheme is to generate regular income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. The Deutsche Mutual Fund was set up on 28 October, 2002. As on 31 July, 2010, the assets managed by the company is of 10027.04 crore. The scheme will not charge any entry and exit load. The scheme will be managed by Avnish Jain.