Deutsche Mutual Fund files offer document for Global Top Dividend Fund

Deutsche Mutual Fund has filed offer document with SEBI to launch a Open Ended Overseas Fund of Funds scheme as “Deutsche Global Top Dividend Fund”. The New Fund Offer price is Rs 10 per unit. Entry load charges will be nil for the scheme and exit load 1% if redeemed/ switched out within 12 months from date of allotment. The Minimum Target Amount of the scheme is Rs 10 crore. The scheme will be benchmarked against MSCI World. The minimum application amount is Rs.5000 and in multiples of Rs.1 thereafter. The investment objective of the scheme is to generate long term capital growth from a diversified portfolio of units of overseas mutual funds that focus on high dividend yield companies.