Sep 14, 2008

Deutsche MF line up to launch Global Agribusiness Offshore Fund

01 Sep 2008 | 16:17




Deutsche MF line up to launch Global Agribusiness Offshore Fund


Deutsche Mutual Fund has filed an offer document with Sebi to launch
DWS Global Agribusiness Offshore Fund (DGAOF). It is an open-ended
Overseas Funds of Funds scheme. The new fund offer (NFO) price for the
scheme is Rs 10 per unit

The
investment objective of the fund is to generate long-term capital
growth by investing predominantly in units of overseas mutual funds,
focusing on agriculture and/or would be direct and indirect
beneficiaries of the anticipated growth in the agriculture and/or
affiliated/allied sectors.

The scheme offers only regular plan
with growth and dividend options. Dividend option further offers
dividend payout and dividend reinvestment options.

The scheme
will invest up to 65-100% in units/securities issued by overseas mutual
funds or unit trusts. The scheme shall initially invest predominantly
in the units of DWS global agribusiness fund, domiciled in Luxenbourg
and registered in Singapore or similar mutual funds at the discretion
of the investment manager. The scheme will invest its 0-35% of the
total NAV in debt instruments including government securities,
corporate debt and money market insruments.

The scheme will
charge an entry load upto 3.00% for the investments less or upto Rs 5
crore. The scheme will not ask an entry load for the investment above
Rs 5 crore. The scheme may charge an exit load upto 1.00%.

The
minimum application amount will be Rs 5, 000 and in multiples of Re 1
thereafter. The fund seeks to raise Rs 1 crore during NFO period.

Benchmark index of the scheme will be MSCI World Index.

Kumaresh
Ramakrishnan will be the dedicated fund manager for the investments in
foreign securities. Aniket Inamdar will be the dedicated fund manager
for the investments in Indian market.



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