Prajna Capital - An Investment Guide

Deutsche Mutual Fund has filed an offer document with market regulator the Securities and Exchange Board of India ( SEBI ) for the launch of its DWS Gold Advantage Fund. If the fund, which is an open ended debt fund, sees the light of day, then it would be the first of its kind fund in this fund house’s family. The fund expects to generate income by investing in a fixed income securities and capital growth by investing in gold related securities. The fund may invest up to 100 per cent in money market instruments and cash while it would invest up to 35 per cent in Gold ETFs. The fund would be benchmarked against Gold Index (35 per cent) and Bond Index (65 per cent). The fund offers both growth and dividend options. The fund would be managed by Avnish Jain who has over 15 years of experience in financial markets. He holds a B.Tech (Homs) IIT, Kharagpur and PGDM – IIM, Kolkata. He is also the fund manager of DWS Gilt Fund and DWS Fixed Term Fund - Series 68. The minimum application amoun...

The fund's history may be relatively short, but it appears to be long on potential. In its six-year existence, the fund house has maintained a strong focus towards debt funds with some good liquid funds. It was only in 2008 that Deutsche Mutual Fund came out of obscurity on the equity front. Undoubtedly, its performances have impressed, but not at an opportune time. It did well in the bull run but did not dazzle. It actually made its mark in a sliding market and shot to prominence from January onwards. The most compelling aspect about this fund family has been its resolve to steer clear of the greed to launch funds just to bloat up the asset size, particularly in recent times when equity markets have been firing from all cylinders. The fund family has not shown any signs of impatience to script an overnight success story. Rather, its fund launches seem to be well thought out. Its four equity funds were launched in different years (2003, 2004, 2006, 2007). In 2005, it only launched ...