Deutsche Mutual Fund has rolled out a new fixed term mutual fund, MoneyGuru India reports. The DWS Fixed Term Fund - Series 86 seeks to generate regular income by investing in debt and money market instruments maturing on or before the date of the maturity of the fund.
The subscription of the fund, which offers both growth and dividend options, will be open from July 11 to July 13. The Crisil Short Term Bond Fund Index is the benchmark index of the fund, while Kumaresh Ramakrishnan is its portfolio manager.
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