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Jan 01, 2009, 05.41 PM IST
DWS Investments, the retail mutual fund brand of Deutsche Bank’s Asset Management division, today announced a dividend of Rs. 0.25 under the Dividend Reinvestment & Dividend payout options of DWS Gilt Fund
DWS Investments, the retail mutual fund brand of Deutsche Bank’s Asset Management division, today announced a dividend of Rs. 0.25 under the Dividend Reinvestment & Dividend payout options of DWS Gilt Fund, an open-ended gilt fund that offers investors the opportunity to invest in an actively-managed portfolio of government securities. The Record date was December 26, 2008.
Pursuant to the payment of dividend [1 ], the
Commenting on the Dividend announcement of DWS Gilt Fund, Mr. Suresh Soni, Chief Executive Officer of DeAM India, said, “The maiden dividend from DWS Gilt Fund reflects its strong performance since its launch two months ago. With investors continuing to be risk-averse, we believe that this is an opportune time to invest in gilts. A softer interest rate regime and a significant fall in inflation are leading to a positive momentum in gilts, as seen in the last two months. Moreover, gilts represent the most actively-traded segment of the Indian fixed income market and its liquidity provides fund managers the flexibility to move opportunistically across the maturity spectrum to deliver optimal returns to investors.”
Minimum initial investment in the DWS Gilt Fund starts from Rs. 5,000 for the Regular Plan and Rs. 50 Lakhs for the Institutional Plan. Additional investment sums can be made in multiples of Re. 1 for both retail and institutional investors. No entry load exists for investments into the DWS Gilt Fund. Under the Regular plan, an exit load of 1% is chargeable for investments redeemed within a 12-month period. Exit load does not apply to the institutional plan.
Sourced From: Sampark Public Relations Pvt Ltd
Tags: DWS Investments, mutual fund, Deutsche Bank, dividend, Reinvestment, payout options , DWS Gilt Fund, Suresh Soni, , DeAM India, interest rate
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