Deutsche MF India launches new fixed maturity plans

Mumbai: Deutsche Asset Management India has launched two-year close-ended debt funds called DWS Fixed Maturity Plan (FMP) Series 68 and 69.

While subscription to the new fund offer of DWS FMP- Series 68 begins from May 2 till May 12, it would be May 9 till May 19 for Series-69, according to a company release issued here today.

"The objective of the above schemes is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. The schemes will invest predominantly in non convertible debentures (NCD)," it said.

Deutsche MF India had an average AUM (assets under management) of Rs 18,795 crore by the end of FY'14.