Deutsche Mutual Fund has launched a new six months close-ended debt fund, India Infoline reports. The DWS Fixed Term Fund - Series 84 will aim 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 new scheme will be open for subscription from June 6 and expire on June 8, 2011. The benchmark index for the fund, which offers growth and dividend option, is the Crisil Short Term Bond Fund Index. Kumaresh Ramakrishnan is the portfolio manager for the scheme.
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