Deutsche MF rolls out New Fixed Term Fund

Deutsche MF has unveiled the launch of its close-ended debt scheme: Deutsche Fixed Term Fund Series 33. The minimum application amount for retail plan is Rs 5000 and in multiples of Re 1 thereafter. The minimum application amount for institutional plan is Rs. 50 lakh and in multiples of Re 1 thereafter. The issue price is Rs 10. Deutsche MF Fixed Term Fund Series 33 offer two plans i.e. regular and institutional. Each Plan has growth and dividend payout options. The primary objective is to generate income by investing into debt and money market securities.