Deutsche Mutual Fund has rolled out a 370 days closed-end debt fund, India Infoline reports. The DWS Fixed Term Fund - Series 92, which is benchmarked against the Crisil Short Term Bond Fund Index, will invest in debt and money market instruments.
The product, which will offer both growth and dividend options, will not invest in foreign securities and securitized debt. The scheme will be managed by Kumaresh Ramakrishnan.
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