Deutsche Asset Management India today said it has launched a 40-month close ended debt scheme that seeks to generate income by investing in fixed income securities and also equities.
DWS Hybrid Fixed Term Fund - Series 29 aims to generate income and capital appreciation by investing in fixed income securities, equity and equity-related instruments.
"Considering the elevated level of interest rates prevailing in debt markets and the improved sentiments in equity markets, DWS Hybrid Fixed Term Fund - Series 29 is ideally placed to take advantage of opportunities in debt and equity markets.
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"With the launch of this fund, we are looking at offering investors a low-risk investment that taps into opportunities in both equity and debt markets," Deutsche Asset Management India MD and CEO Suresh Soni said.
The scheme is a debt fund that takes advantage of the trends in fixed income and equity markets with a hybrid portfolio, a company release said.
The fund opened for subscription on September 1 and will close on September 15.
The unit offer price is Rs 10 per unit during NFO period. No entry or exit load will be applicable. An investor can invest with a minimum of Rs 5,000 and in multiples of Re 1 thereafter, the release added.
