Deutsche Asset Management India launches DWS Fixed Maturity Plan (FMP) series 77 (1100 days close ended debt fund). The objective of the above scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. The schemes will invest predominantly in Domestic Debt instruments including govt securities. The benchmark is CRISIL Composite Bond Fund Index. Minimum investment Rs 5,000 per application. There is zero Entry and Exit Load during the NFO period.

Suresh Soni, MD & CEO, Deutsche Asset Management India said, ''We believe that Fixed Maturity Plans are an ideal investment avenue for investors seeking to lock in the current yields. With the launch of DWS Fixed Maturity Plan series 77 we look forward to tap the appetite of investors for such products. The current offerings mature in over 3 years, therefore investors can also avail of the benefit of tax efficient returns due to the Indexation effect.''