DWS Investments launches Fixed Term Fund Series 82

DWS Investments new issue closes on 18th May

DWS Investments, the retail mutual fund arm of the Deutsche Bank Group, has launched DWS Fixed Term Fund Series 82–A, a close ended Debt Fund. 

The DWS Fixed Term Fund Series 82 is a fixed maturity plan offering investors the benefit of relatively low interest rate sensitivity and low credit risk. The tenor of the fund is 308 days.

The new fund offer (NFO) opens on 9th May and closes on 18th May. The objective of the fund is to generate income by investing in debt securities and money market instruments, usually maturing on or before the date of maturity of the scheme. 

CRISIL Short Term Bond Index is the benchmark index. DWS Fixed Term Fund Series 82 would be listed on the National Stock Exchange (NSE). An investor can start investing with a minimum of Rs5,000.

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Tata Mutual Fund unveils 366 days fixed maturity plan

Tata Mutual Fund new issue closes on 9th May

Tata Mutual Fund has launched Tata Fixed Maturity Plan Series 34 Scheme A (366 days maturity), a close-ended income scheme.

The investment objective of the schemes is to generate income and/or capital appreciation by investing in wide range of debt and money market instruments having maturity in line with the maturity of the respective schemes. The maturity of all investments shall be equal to or less than the maturity of respective schemes. The tenor of the scheme is 366 days.

The new issue closes on 9th May. The minimum investment amount is Rs10,000.

Crisil Short Term Bond Index is the benchmark index. Murthy Nagarajan is the fund manager.

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SME businessmen increasingly air-bound

According to the ‘British Airways Business Traveller Report’ involving 107 businesses, “68% have reported increased business-related travel since the depths of the financial downturn of around 18 months ago.”

The number of business travellers from India, especially those representing small and medium enterprises, travelling abroad is rising significantly, says a British Airways’ survey.

This is a signal that the country would soon emerge as “one of the greatest business travel markets” in the world, it said.

According to the ‘British Airways Business Traveller Report’ involving 107 businesses, “68% have reported increased business-related travel since the depths of the financial downturn of around 18 months ago.”

Of this, over 20% of Indian business travellers claimed to have doubled their travel, while nearly half have increased their travel by 25% to 40%.

“Travel for business from India is on the rise across all sectors and all classes.

While the larger companies are increasing travel in business classes, the rise in economy, premium economy and business class travel from the SME sector seems to be equally strong,” said Judy Jarvis, British Airways regional commercial manager (South Asia).

“The report reinforces our view that India is already taking its place as one of the greatest business travel markets in the world,” she said.

The report said one of the reasons for the rise in business travel was that Indian businessmen see it as an investment in client relationships (67%) or necessary for securing new clients (59%).

The report also found that business travel in India was much more optimistic than in other markets. 82% of respondents believe that their business-related travel will increase in the next 12 months and only 3% expect to fly less next year.

“A quarter of the businesses surveyed said that they undertake more than 25 domestic trips in a year; and 34% undertook between 5 and 10 international business trips in 2010. A small minority consistently flies first class both domestically and internationally,” it said.

The report also highlighted the precarious nature of travel during a financial slowdown.

It said that 67% of respondents agreed with the notion that, when times are hard, travel is one of the first and easiest cuts to make.

Indian SMEs, in particular, hit the brakes when faced with financial difficulties and the majority (85%) stopped most international and some domestic travel to reduce costs during the financial crisis, it added.

 

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