Deutsche Mutual Fund has unveiled a new fund named as DWS Large Cap Fund - Series 2, a 5 years close ended equity fund.
The tenure of the scheme is 5 years from the date of allotment of units.
The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit.
The new issue will be open for subscription from 16 March and closes on 25 March 2015.
The objective of the scheme is to generate capital appreciation from a diversified portfolio of equity and equity related securities of large cap companies in India.
The scheme offers growth and dividend payout option under both regular and direct plan.
The scheme would invest 70% to 100% of assets in equity and equity related instruments of large cap companies, invest upto 30% of assets in equity and equity related instruments of non large cap companies with high risk profile and invest upto 10% of assets in debt and money market instruments with low to medium risk profile.
The minimum application amount is Rs. 5,000.
Entry and exit load charge for the scheme will be nil.
Benchmark index for the scheme is CNX Nifty Index.
The fund manager of the scheme is Mr.Akash Singhania.
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