Deutsche Mutual Fund

Transcription

1 Deutsche Mutual Fund COMBINED SCHEME INFORMATION DOCUMENT (SID) - II Continuous offer of units at NAV based prices Sponsors / Co-Sponsors Deutsche Asset Management (Asia) Limited One Raffles Quay, #17-00, South Tower, Singapore Deutsche India Holdings Private Limited Nirlon Knowledge Park, Block B-1, Goregaon (East), Mumbai Asset Management Company Deutsche Asset Management (India) Private Limited The Capital, 14th Floor, C -70, G Block, Bandra Kurla Complex, Mumbai Trustee Company Deutsche Trustee Services (India) Private Limited The Capital, 14th Floor, C -70, G Block, Bandra Kurla Complex, Mumbai Website of the Entity The particulars of the respective Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, (hereinafter referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme Information Document. The Scheme Information Document (SID) sets forth concisely the information about the Scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this SID after the date of this Document from the Mutual Fund / Investor Service Centres / Website / Distributors or Brokers. The investors are advised to refer to the Statement of Additional Information (SAI) for details of Deutsche Mutual Fund, Tax and Legal issues and general information on SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website. The Scheme Information Document should be read in conjunction with the SAI and not in isolation. This Scheme Information Document is dated June 30, 2015.

2 Name of the scheme This product is suitable for investors who are seeking* DWS Insta Cash Plus Fund (An open ended Liquid Income Fund) DWS Treasury Fund-Cash Plan (An open-ended Liquid Plan) Liquidity and generate income in the short term Investment in debt and money market securities with maturity upto 91 days only Liquidity and generate income in the short term Investment in debt and money market securities with maturity upto 91 days only Low Moderately Low Moderate Moderately High High LOW HIGH Low investors understand that their principal will be at low risk. DWS Ultra Short Term Fund (An open ended Debt Scheme) DWS Premier Bond Fund (An open ended Debt Scheme) Income over the short term Investment in short term debt and money market instruments Regular income over the medium term Investment in debt securities and money market instruments Moderately Low Moderate Moderately High DWS Treasury Fund- Investment Plan (An open ended Debt Plan) DWS Banking & PSU Debt Fund (An open ended Debt Fund) Income over the short term Investment in short term debt and money market instruments Income over the short term Investment in debt instruments and money market instruments issued by Banks and Public Sector companies Low LOW High HIGH Moderately Low investors understand that their principal will be at moderately low risk. DWS Low Duration Fund (An open ended Debt Scheme) (Formerly known as DWS Money Plus Fund) DWS Income Advantage Fund (An open ended Debt Fund) Income over the short term Investment in debt across credit spectrum and money market instruments Regular income and capital appreciation over the medium term Investment primarily in debt securities and a small allocation to equity and equity related securities DWS Cash Opportunities Fund (An open ended Debt Scheme) DWS Short Maturity Fund (An open ended Debt Scheme) Income over the short term Investment in debt and money market instruments Income over the medium term Investment in short term debt and money market instruments Moderately Low Moderate Moderately High DWS Gilt Fund (An open ended Gilt fund) DWS Inflation Indexed Bond Fund (An open ended debt fund) Income over the medium term Investments only in Central/State securities of various maturities To generate income and capital appreciation indexed to inflation over the short to medium term Investment predominantly in inflation indexed bonds issued by Central Government, State Government and / or Corporate Issuers Low LOW HIGH Moderate investors understand that their principal will be at moderate risk. High DWS Medium Term Income Fund (An open ended debt scheme) DWS Corporate Debt Opportunities Fund (An Open Ended Debt Scheme) Income and Capital appreciation over the medium term Investment in Debt and Money Market Instruments with a portfolio weighted average maturity between 3-7 years Income and capital appreciation over medium to long term Investment predominantly in corporate bonds of various maturities and across ratings * Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

3 Index Sr. No. and Subject Page Sr. No. and Subject Page Summary of the Schemes... 3 I. Introduction A. Risk Factors B. Requirement of Minimum Investors in the Scheme C. Special Considerations D. Definitions E. Due Diligence Certificate F. KYC Policy II. Information about the Schemes DWS Low Duration Fund (DLDF) (Formerly known as DWS Money Plus Fund) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Income Advantage Fund (DIAF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Cash Opportunities Fund (DCOF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Ultra Short Term Fund (DUSTF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Short Maturity Fund (DSMF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Premier Bond Fund (DPBF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Gilt Fund (DGF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Insta Cash Plus Fund (DICPF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Treasury Fund- Cash Plan (DTF-CP) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Treasury Fund- Investment Plan (DTF-IP) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Banking and PSU Debt Fund (DBPDF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Inflation Indexed Bond Fund (DIIBF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Medium Term Income Fund (DMTIF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy DWS Corporate Debt Opportunities Fund (DCDOF) A. Type of the Scheme B. Investment Objective C. Asset Allocation Pattern D. Scheme s Investments E. Investment Strategy Fundamental Attributes Benchmark Fund Manager Investment Limitations Restrictions Performance of the Schemes III. Units and Offer A. New Fund Offer (NFO) B. Ongoing Offer Details C. Periodic Disclosures D. Computation of NAV IV. Fees and Expenses A. NFO Expenses B. Annual Scheme Recurring Expenses C. Load Structure D. Transaction Charges V. Rights of Unit holders VI. Penalties, Pending Litigation or Proceedings, Findings of Inspections or Investigations for which action may have been taken or is in the process of being taken by any Regulatory Authority... 68

4 Summary of the Schemes Name of the Scheme DWS Low Duration Fund (DLDF) ## (Formerly known as DWS Money Plus Fund) DWS Income Advantage Fund (DIAF) # Type An open ended debt Scheme An open ended debt Scheme Investment Objective To generate steady return by investing in debt and money market securities across the credit spectrum. To generate regular income (no assured income) by investing primarily in investment grade fixed income securities/money market instruments and to attain capital appreciation by investing a small portion in equity/equity related instruments. Benchmark CRISIL Liquid Fund Index CRISIL MIP Blended Fund Index Plans The scheme has two plans: DWS Low Duration Fund & DWS Low Duration Fund - Direct Plan* The scheme has two plans: DWS Income Advantage Fund & DWS Income Advantage Fund - Direct Plan* Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. The default plan between DWS Low Duration-Direct Plan/DWS Income Advantage Fund-Direct Plan and DWS Low Duration Fund/DWS Income Advantage Fund will be captured based on the following Scenario Scenario Broker Code mentioned by the investor 1 Not mentioned 2 Not mentioned 3 Not mentioned Plan mentioned by the investor Not mentioned DWS Low Duration Fund-Direct Plan/ DWS Income Advantage Fund-Direct Plan DWS Low Duration Fund/DWS Income Advantage Fund 4 Mentioned DWS Low Duration Fund-Direct Plan/ DWS Income Advantage Fund-Direct Plan Default Plan to be captured DWS Low Duration Fund-Direct Plan/ DWS Income Advantage Fund-Direct Plan DWS Low Duration Fund-Direct Plan/ DWS Income Advantage Fund-Direct Plan DWS Low Duration Fund-Direct Plan/ DWS Income Advantage Fund-Direct Plan DWS Low Duration Fund-Direct Plan/ DWS Income Advantage Fund-Direct Plan 5 Direct Not Mentioned DWS Low Duration Fund-Direct Plan/ DWS Income Advantage Fund-Direct Plan 6 Direct DWS Low Duration Fund/DWS Income Advantage Fund 7 Mentioned DWS Low Duration Fund/DWS Income Advantage Fund DWS Low Duration Fund-Direct Plan/ DWS Income Advantage Fund-Direct Plan DWS Low Duration Fund/DWS Income Advantage Fund 8 Mentioned Not Mentioned DWS Low Duration Fund/DWS Income Advantage Fund In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under DWS Low Duration Fund/DWS Income Advantage Fund. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under DWS Low Duration Fund-Direct Plan/DWS Income Advantage Fund-Direct Plan from the date of application without any exit load. Options Dividend (Daily Reinvestment, Regular, Weekly, Monthly, Quarterly & Annual) Reinvestment/Payout and Growth. Dividend (Payout & Reinvestment) and Growth. Dividend Option Growth Option Lock-In Period Minimum Application Amount for lump sum investment Minimum Application Amount for additional investments The trustees reserve the right to declare dividend under the scheme depending on the net distributable surplus available under the option. It should however be noted that the actual distribution of dividends and the frequency of dividend distribution will depend, inter alia, on the availability of the distributable surplus and will be entirely at the discretion of the trustees or any committee authorised by them. All income earned and realised profit in respect of a unit issued under the growth option will continue to remain invested until repurchase and shall be deemed to have remained invested in the option itself which will be reflected in the NAV. Not Applicable Minimum ` 5000/- (Five Thousand) & in multiples of ` 1/- thereafter. Minimum ` 1000/- (One Thousand) and in multiples of ` 1/- thereafter. Minimum Repuchase / Redemption Amount ` 1000 or 100 units or account balance, whichever is lower. Minimum ` 1000/- (One Thousand) and in multiples of ` 1/- thereafter. Systematic Investment Plan (SIP) Not Available Available Systematic Transfer Plan (STP) Systematic Withdrawal Plan (SWP) Available Available Minimum Application Amount for investments through SIP/ STP/SWP SIP: Not Available. STP and SWP: Minimum amount of ` 12000/- divided into 12 installments of ` 1000/- each for 12 months or 6 installments of ` 2000/- each for 6 months or 4 installments of ` 3000/- each for 3 months. Minimum amount of ` 12000/- divided into 12 installments of ` 1000/- each for 12 months or 6 installments of ` 2000/- each for 6 months or 4 installments of ` 3000/- each for 3 months. For Daily SIP: Minimum investment per day is ` 300/- and the minimum period shall be 2 months. SIP s upto ` 50000/- per year per investor i.e. aggregate of installments in a rolling 12 months period or in a F.Y. (to be referred as Micro SIP ) shall be exempt from the requirement of PAN as a proof of identification. COMBINED SCHEME INFORMATION DOCUMENT (SID) - II 4

5 Frequency Switching Entry Load on lump sum investment/sip/stp/swp Exit Load on lump sum Investment/SIP/STP/SWP Investments by NRIs/FIIs/FPIs Liquidity Transparency Applicable NAV For SIP: 1st, 7th, 15th, 21st and 28th of the month/quarter/week/day or on the next business day if the chosen date happens to be a holiday. For STP: 1st, 7th, 15th, 21st and 28th of the month/quarter/week or on the next business day if the chosen date happens to be a holiday. For SWP: 7th, 15th, 21st and 28th of the month/quarter/week or on the next business day if the chosen date happens to be a holiday. Perpetual duration under SIP has been introduced w.e.f. June 30, Investors may opt to switch units between different schemes of Deutsche Mutual Fund and also between different options (Growth/Dividend) and plans of the same scheme at NAV based prices. 0.25% if redeemed/switched out within 3 months of allotment. Nil 1.5% if the investor redeemed/switched out within 12 months. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors assessment of various factors including the service rendered by the distributor. No exit load will be charged for switches between options of the same scheme. No exit load will be charged for switches and STP from any scheme to the equity schemes of DMF (except DWS Arbitrage Fund) For further details on load structure refer to the section Load Structure on page no 66. Investment by NRIs/FIIs/FPIs are allowed on a full repatriation basis subject to RBI approvals, if any. Further, the sale and solicitation of Units of the Fund is prohibited to citizens and residents of United States of America or any other jurisdiction which restricts or regulates the sale of Indian securities to its citizens and/or residents or which jurisdiction could otherwise subject the AMC or its parent companies or any of its affiliates or employees or the trustees to any reporting, licensing or registration requirements, in such jurisdiction. Neither this SID nor the units have been registered in any jurisdiction. The distribution of this SID in certain jurisdictions may be restricted or subject to registration requirements and, accordingly, persons who come into possession of this SID in such jurisdictions are required to inform themselves about, and to observe, any such restrictions. No person receiving a copy of this SID or any accompanying application form in such jurisdiction may treat this SID or such application form as constituting an invitation to them to subscribe for Units, nor should they in any event use any such application form, unless in the relevant jurisdiction such an invitation could lawfully be made to them and such application form could lawfully be used without compliance with any registration or other legal requirements. The Unitholders would be entitled to redeem their units at any time subject to the applicable load in all the Schemes. The Schemes will not be listed on any stock exchange. The NAV of the Scheme will be declared on every Business Day on the AMFI website and the Fund s website by 9. p.m on the same day. Also, NAV shall be published in atleast 2 daily newspapers. The complete portfolio shall also be published in 2 newspapers on a half yearly basis. The monthly portfolio of the Schemes shall be available in a user-friendly and downloadable format on the website viz. com on or before the tenth day of succeeding month. As presently required by the SEBI (MF) Regulations, a complete statement of the portfolio under the Scheme(s) would also be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders. Purchase and Switch-in: In respect of purchase of units in above Scheme with amount less than ` 2 Lakhs : If the applications is received on any Business Day at the official points of acceptance of transactions along with a local cheque or a demand draft payable at par at the place of submission of the applications : (i) up to 3.00 p.m. - Closing NAV of the day of receipt of application. (ii) after 3.00 p.m. - Closing NAV of the next Business Day. In respect of valid application received for an amount equal to or more than ` 2 lakhs upto 3.00 p.m. on a Business Day at the official point(s) of acceptance and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time i.e. available for utilization before the cut-off time the closing NAV of the day shall be applicable; In respect of valid application received for an amount equal to or more than ` 2 lakhs after 3.00 p.m. on a Business Day at the official point(s) of acceptance and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time of the next Business Day i.e. available for utilization before the cutoff time of the next Business Day - the closing NAV of the next Business Day shall be applicable; Irrespective of the time of receipt of application for an amount equal to or more than ` 2 lakhs at the official point(s) of acceptance, where funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time on any subsequent Business Day i.e. available for utilization before the cut-off time on any subsequent Business Day - the closing NAV of such subsequent Business Day shall be applicable. Redemption and Switch-out: Applications received on any Business Day at the official points of acceptance of transactions (i) Upto 3.00 PM: Closing NAV of day of the receipt of the Application (ii) After 3.00 PM: Closing NAV of the next Business Day after the day of receipt of application * w.e.f. January 1, 2013: Direct Plan is available only for investors who purchase/subscribe units in a scheme directly with the fund and is not available for investors who route their investments through distributors. # w.e.f. November 26, 2012 the name of DWS Money Plus Advantage Fund was changed to DWS Income Advantage Fund ## w.e.f. June 29, 2015 the name of DWS Money Plus Fund has been changed to DWS Low Duration Fund 5

6 Name of the Scheme DWS Cash Opportunities Fund (DCOF) DWS Ultra Short Term Fund (DUSTF) Type An open ended debt Scheme Investment Objective To generate regular income by investing primarily in investment grade debt and money market instruments. To provide liquidity and generate stable returns by investing in a mix of short term debt and money market instruments. Benchmark CRISIL Liquid Fund Index Plans The scheme has two plans: DWS Cash Opportunities Fund & DWS Cash Opportunities Fund - Direct Plan* The scheme has two plans: DWS Ultra Short Term Fund & DWS Ultra Short Term Fund - Direct Plan* Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. The default plan between DWS Cash Opportunities Fund-Direct Plan and DWS Cash Opportunities Fund will be captured based on the following Scenario Scenario Broker Code mentioned Plan mentioned by the investor Default Plan to be captured by the investor 1 Not mentioned Not mentioned DWS Cash Opportunities Fund-Direct Plan/DWS Ultra Short Term Fund- Direct Plan 2 Not mentioned DWS Cash Opportunities Fund-Direct Plan/DWS Ultra Short Term Fund-Direct Plan 3 Not mentioned DWS Cash Opportunities Fund/DWS Ultra Short Term Fund 4 Mentioned DWS Cash Opportunities Fund-Direct Plan/DWS Ultra Short Term Fund-Direct Plan DWS Cash Opportunities Fund-Direct Plan/DWS Ultra Short Term Fund- Direct Plan DWS Cash Opportunities Fund-Direct Plan/DWS Ultra Short Term Fund- Direct Plan DWS Cash Opportunities Fund-Direct Plan/DWS Ultra Short Term Fund- Direct Plan 5 Direct Not Mentioned DWS Cash Opportunities Fund-Direct Plan/DWS Ultra Short Term Fund- Direct Plan 6 Direct DWS Cash Opportunities Fund/DWS Ultra Short Term Fund 7 Mentioned DWS Cash Opportunities Fund/DWS Ultra Short Term Fund DWS Cash Opportunities Fund-Direct Plan/DWS Ultra Short Term Fund- Direct Plan DWS Cash Opportunities Fund/DWS Ultra Short Term Fund 8 Mentioned Not Mentioned DWS Cash Opportunities Fund/DWS Ultra Short Term Fund In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under DWS Cash Opportunities Fund/DWS Ultra Short Term Fund. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under DWS Cash Opportunities Fund-Direct Plan/DWS Ultra Short Term Fund-Direct Plan from the date of application without any exit load. Options Dividend (Daily Reinvestment only, Regular, Weekly, Fortnightly, Monthly, Quarterly & Annual) Reinvestment/ Payout and Growth Dividend (Daily Reinvestment, Weekly, Monthly, Quarterly & Annual) Reinvestment/Payout, Dividend Reinvestment/ Payout and Growth Dividend Option Growth Option Lock-In Period Minimum Application Amount for lump sum investment Minimum Application Amount for additional investments Minimum Repuchase / Redemption Amount Systematic Investment Plan (SIP) The Trustees reserve the right to declare dividend under the Scheme depending on the net distributable surplus available under the Option. It should, however, be noted that the actual distribution of dividends and the frequency of distribution will depend, inter alia, on the availability of the distributable surplus and will be entirely at the discretion of the Trustees or any Committee authorized by them. All Income earned and realized profit in respect of a unit issued under that will continue to remain invested until repurchase and shall be deemed to have remain invested in the option itself which will be reflected in the NAV. Not Applicable Minimum ` 5000/- (Five Thousand) and in multiples of ` 1/- thereafter. Minimum ` 1000/- (One Thousand) and in multiples of ` 1/- thereafter. Minimum ` 1000/- (One Thousand) and in multiples of ` 1/- thereafter. Not Available Systematic Transfer Plan (STP) Available STP In-Not Available and STP Out-Available Systematic Withdrawal Plan (SWP) Minimum Application Amount for investments through SIP/ STP/SWP Frequency Available SIP: Not Available STP and SWP: Minimum amount of ` 12000/- divided into 12 installments of ` 1000/- each for 12 months or 6 installments of ` 2000/- each for 6 months or 4 installments of ` 3000/- each for 3 months. For SIP: Not Available. For STP: 1st, 7th, 15th, 21st and 28th of the month/quarter/week or on the next business day if the chosen date happens to be a holiday. For SWP: 7th, 15th, 21st and 28th of the month/quarter/week or on the next business day if the chosen date happens to be a holiday. COMBINED SCHEME INFORMATION DOCUMENT (SID) - II 6

7 Switching Entry Load on lumpsum investment/sip/stp/swp Exit Load on lump sum Investment/SIP/STP/SWP Investments by NRIs/FIIs/FPIs Liquidity Transparency Investors may opt to switch units between different schemes of Deutsche Mutual Fund and also between different options (Growth/Dividend) and plans of the same scheme at NAV based prices. Nil. Nil Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors assessment of various factors including the service rendered by the distributor. No exit load will be charged for switches between options of the same scheme. No exit load will be charged for switches and STP from any scheme to the equity schemes of DMF (except DWS Arbitrage Fund) For further details on load structure refer to the section Load Structure on page no 66. Investment by NRIs/FIIs/FPIs are allowed on a full repatriation basis subject to RBI approvals, if any. Further, the sale and solicitation of Units of the Fund is prohibited to citizens and residents of United States of America or any other jurisdiction which restricts or regulates the sale of Indian securities to its citizens and/or residents or which jurisdiction could otherwise subject the AMC or its parent companies or any of its affiliates or employees or the trustees to any reporting, licensing or registration requirements, in such jurisdiction. Neither this SID nor the units have been registered in any jurisdiction. The distribution of this SID in certain jurisdictions may be restricted or subject to registration requirements and, accordingly, persons who come into possession of this SID in such jurisdictions are required to inform themselves about, and to observe, any such restrictions. No person receiving a copy of this SID or any accompanying application form in such jurisdiction may treat this SID or such application form as constituting an invitation to them to subscribe for Units, nor should they in any event use any such application form, unless in the relevant jurisdiction such an invitation could lawfully be made to them and such application form could lawfully be used without compliance with any registration or other legal requirements. The Unitholders would be entitled to redeem their units at any time subject to the applicable load in all the Schemes. The Schemes will not be listed on any stock exchange. The NAV of the Scheme will be declared on every Business Day on the AMFI website and the Fund s website by 9. p.m on the same day. Also, NAV shall be published in atleast 2 daily newspapers. The complete portfolio shall also be published in 2 newspapers on a half yearly basis. The monthly portfolio of the Schemes shall be available in a user-friendly and downloadable format on the website viz. com on or before the tenth day of succeeding month. As presently required by the SEBI (MF) Regulations, a complete statement of the portfolio under the Scheme(s) would also be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders. Applicable NAV Purchase and Switch-in: In respect of purchase of units in above Scheme with amount less than ` 2 Lakhs : If the applications is received on any Business Day at the official points of acceptance of transactions along with a local cheque or a demand draft payable at par at the place of submission of the applications : (i) up to 3.00 p.m. - Closing NAV of the day of receipt of application. (ii) after 3.00 p.m. - Closing NAV of the next Business Day. In respect of valid application received for an amount equal to or more than ` 2 lakhs upto 3.00 p.m. on a Business Day at the official point(s) of acceptance and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time i.e. available for utilization before the cut-off time the closing NAV of the day shall be applicable; In respect of valid application received for an amount equal to or more than ` 2 lakhs after 3.00 p.m. on a Business Day at the official point(s) of acceptance and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time of the next Business Day i.e. available for utilization before the cutoff time of the next Business Day - the closing NAV of the next Business Day shall be applicable; Irrespective of the time of receipt of application for an amount equal to or more than ` 2 lakhs at the official point(s) of acceptance, where funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time on any subsequent Business Day i.e. available for utilization before the cut-off time on any subsequent Business Day - the closing NAV of such subsequent Business Day shall be applicable. Redemption and Switch-out: Applications received on any Business Day at the official points of acceptance of transactions (i) Upto 3.00 PM: Closing NAV of day of the receipt of the Application (ii) After 3.00 PM: Closing NAV of the next Business Day after the day of receipt of application * w.e.f. January 1, 2013: Direct Plan is available only for investors who purchase/subscribe units in a scheme directly with the fund and is not available for investors who route their investments through distributors. Name of the Scheme DWS Short Maturity Fund (DSMF) DWS Premier Bond Fund (DPBF) Type Investment Objective To generate steady returns with low volatility by investing in short/ medium term debt securities and money market instruments. An open ended debt Scheme To provide regular income by investing in debt securities including bonds and money market instruments. Benchmark CRISIL Short Term Bond Index CRISIL Composite Bond Fund Index 7

8 Plans The scheme has two plans: DWS Short Maturity Fund & DWS Short Maturity Fund - Direct Plan* The scheme has two plans: DWS Premier Bond Fund & DWS Premier Bond Fund - Direct Plan* Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. The default plan between DWS Short Maturity Fund-Direct Plan/DWS Premier Bond Fund-Direct Plan and DWS Short Maturity Fund/DWS Premier Bond Fund will be captured based on the following Scenario Scenario Broker Code mentioned Plan mentioned by the investor Default Plan to be captured by the investor 1 Not mentioned Not mentioned DWS Short Maturity Fund-Direct Plan/ DWS Premier Bond Fund-Direct Plan 2 Not mentioned DWS Short Maturity Fund-Direct Plan/ DWS Premier Bond Fund-Direct Plan 3 Not mentioned DWS Short Maturity Fund/DWS Premier Bond Fund 4 Mentioned DWS Short Maturity Fund-Direct Plan/ DWS Premier Bond Fund-Direct Plan DWS Short Maturity Fund-Direct Plan/ DWS Premier Bond Fund-Direct Plan DWS Short Maturity Fund-Direct Plan/ DWS Premier Bond Fund-Direct Plan DWS Short Maturity Fund-Direct Plan/ DWS Premier Bond Fund-Direct Plan 5 Direct Not Mentioned DWS Short Maturity Fund-Direct Plan/ DWS Premier Bond Fund-Direct Plan 6 Direct DWS Short Maturity Fund/DWS Premier Bond Fund 7 Mentioned DWS Short Maturity Fund/DWS Premier Bond Fund DWS Short Maturity Fund-Direct Plan/ DWS Premier Bond Fund-Direct Plan DWS Short Maturity Fund/DWS Premier Bond Fund 8 Mentioned Not Mentioned DWS Short Maturity Fund/DWS Premier Bond Fund In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under DWS Short Maturity Fund/DWS Premier Bond Fund. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under DWS Short Maturity Fund-Direct Plan/DWS Premier Bond Fund-Direct Plan from the date of application without any exit load. Options Dividend (Monthly, Weekly, Quarterly & Annual) Payout/ Reinvestment and Growth Dividend (Monthly, Quarterly and Annual) Payout/ Reinvestment and Growth Dividend Option Growth Option Lock-In Period Minimum Application Amount for lump sum investment Minimum Application Amount for additional investments Minimum Repuchase / Redemption Amount Systematic Investment Plan (SIP) The Trustees reserve the right to declare dividend under the Scheme depending on the net distributable surplus available under the Option. It should, however, be noted that the actual distribution of dividends and the frequency of distribution will depend, inter alia, on the availability of the distributable surplus and will be entirely at the discretion of the Trustees or any Committee authorized by them. All Income earned and realized profit in respect of a unit issued under that will continue to remain invested until repurchase and shall be deemed to have remain invested in the option itself which will be reflected in the NAV. Not Applicable Minimum ` 5000/- (Five Thousand) and in multiples of ` 1/- thereafter. Minimum ` 1000/- (One Thousand) and in multiples of ` 1/- thereafter. Minimum ` 1000/- (One Thousand) and in multiples of ` 1/- thereafter. Available only for Regular Plan Systematic Transfer Plan (STP) STP In and STP Out - Available; STP In and STP Out - Available; Systematic Withdrawal Plan (SWP) Minimum Application Amount for investments through SIP/ STP/SWP Frequency Switching Entry Load on lump sum investment/sip/stp/swp Available Minimum amount of ` 12000/- divided into 12 installments of ` 1000/- each for 12 months or 6 installments of ` 2000/- each for 6 months or 4 installments of ` 3000/- each for 3 months. For Daily SIP: Minimum investment per day is ` 300/- and the minimum period shall be 2 months. SIP s upto ` 50,000/- per year per investor i.e. aggregate of installments in a rolling 12 months period or in a F.Y. (to be referred as Micro SIP ) shall be exempt from the requirement of PAN as a proof of identification. For SIP: 1st, 7th, 15th, 21st and 28th of the month/quarter/week/day or on the next business day if the chosen date happens to be a holiday. For STP: 1st, 7th, 15th, 21st and 28th of the month/quarter/week or on the next business day if the chosen date happens to be a holiday. For SWP: 7th, 15th, 21st and 28th of the month/quarter/week or on the next business day if the chosen date happens to be a holiday. Perpetual duration under SIP has been introduced w.e.f. June 30, Investors may opt to switch units between different schemes of Deutsche Mutual Fund and also between different options (Growth/Dividend) and plans of the same scheme at NAV based prices. Nil COMBINED SCHEME INFORMATION DOCUMENT (SID) - II 8

9 Exit Load on lump sum Investment/SIP/STP/SWP Investments by NRIs/FIIs/FPIs Liquidity Transparency 0.75% if the investor redeemed/switched out within 6 months of allotment. 1% if the investor redeemed / switched out within 6 months from the allotment of units and Nil if redeemed / switched out subsequent to 6 months of allotment of units Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors assessment of various factors including the service rendered by the distributor. No exit load will be charged for switches between options of the same scheme. No exit load will be charged for switches and STP from any scheme to the equity schemes of DMF (except DWS Arbitrage Fund) For further details on load structure refer to the section Load Structure on page no 66. Investment by NRIs/FIIs/FPIs are allowed on a full repatriation basis subject to RBI approvals, if any. Further, the sale and solicitation of Units of the Fund is prohibited to citizens and residents of United States of America or any other jurisdiction which restricts or regulates the sale of Indian securities to its citizens and/or residents or which jurisdiction could otherwise subject the AMC or its parent companies or any of its affiliates or employees or the trustees to any reporting, licensing or registration requirements, in such jurisdiction. Neither this SID nor the units have been registered in any jurisdiction. The distribution of this SID in certain jurisdictions may be restricted or subject to registration requirements and, accordingly, persons who come into possession of this SID in such jurisdictions are required to inform themselves about, and to observe, any such restrictions. No person receiving a copy of this SID or any accompanying application form in such jurisdiction may treat this SID or such application form as constituting an invitation to them to subscribe for Units, nor should they in any event use any such application form, unless in the relevant jurisdiction such an invitation could lawfully be made to them and such application form could lawfully be used without compliance with any registration or other legal requirements. The Unitholders would be entitled to redeem their units at any time subject to the applicable load in all the Schemes. The Schemes will not be listed on any stock exchange. The NAV of the Scheme will be declared on every Business Day on the AMFI website and the Fund s website by 9. p.m on the same day. Also, NAV shall be published in atleast 2 daily newspapers. The complete portfolio shall also be published in 2 newspapers on a half yearly basis. The monthly portfolio of the Schemes shall be available in a user-friendly and downloadable format on the website viz. com on or before the tenth day of succeeding month. As presently required by the SEBI (MF) Regulations, a complete statement of the portfolio under the Scheme(s) would also be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders. Applicable NAV Purchase and Switch-in: In respect of purchase of units in above Scheme with amount less than ` 2 Lakhs : If the applications is received on any Business Day at the official points of acceptance of transactions along with a local cheque or a demand draft payable at par at the place of submission of the applications : (i) up to 3.00 p.m. - Closing NAV of the day of receipt of application. (ii) after 3.00 p.m. - Closing NAV of the next Business Day. In respect of valid application received for an amount equal to or more than ` 2 lakhs upto 3.00 p.m. on a Business Day at the official point(s) of acceptance and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time i.e. available for utilization before the cut-off time the closing NAV of the day shall be applicable; In respect of valid application received for an amount equal to or more than ` 2 lakhs after 3.00 p.m. on a Business Day at the official point(s) of acceptance and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time of the next Business Day i.e. available for utilization before the cutoff time of the next Business Day - the closing NAV of the next Business Day shall be applicable; Irrespective of the time of receipt of application for an amount equal to or more than ` 2 lakhs at the official point(s) of acceptance, where funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time on any subsequent Business Day i.e. available for utilization before the cut-off time on any subsequent Business Day - the closing NAV of such subsequent Business Day shall be applicable. Redemption and Switch-out: Applications received on any Business Day at the official points of acceptance of transactions (i) Upto 3.00 PM: Closing NAV of day of the receipt of the Application (ii) After 3.00 PM: Closing NAV of the next Business Day after the day of receipt of application * w.e.f. January 1, 2013: Direct Plan is available only for investors who purchase/subscribe units in a scheme directly with the fund and is not available for investors who route their investments through distributors. Name of the Scheme DWS Gilt Fund (DGF) DWS Insta Cash Plus Fund (DICPF) Type An open ended gilt fund An Open-Ended Liquid Income Fund Investment Objective To generate reasonable returns by investing in Central/ State Government securities of various maturities. Benchmark I-Sec Sovereign Bond Index CRISIL Liquid Fund Index Plans The scheme has two plans: DWS Gilt Fund & DWS Gilt Fund - Direct Plan* To generate steady returns along with high liquidity by investing in a portfolio of short-term, high quality money market and debt instruments. The scheme has two plans: DWS Insta Cash Plus Fund & DWS Insta Cash Plus Fund - Direct Plan* Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. 9

10 The default plan between DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan and DWS Gilt Fund/DWS Insta Cash Plus Fund will be captured based on the following Scenario Scenario Broker Code mentioned Plan mentioned by the investor Default Plan to be captured by the investor 1 Not mentioned Not mentioned DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan 2 Not mentioned DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan 3 Not mentioned DWS Gilt Fund/DWS Insta Cash Plus Fund 4 Mentioned DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan 5 Direct Not Mentioned DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan 6 Direct DWS Gilt Fund/DWS Insta Cash Plus Fund 7 Mentioned DWS Gilt Fund/DWS Insta Cash Plus Fund DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan DWS Gilt Fund/DWS Insta Cash Plus Fund 8 Mentioned Not Mentioned DWS Gilt Fund/DWS Insta Cash Plus Fund In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, the application shall be processed under DWS Gilt Fund/DWS Insta Cash Plus Fund. The AMC shall contact and obtain the correct ARN code within 30 calendar days of the receipt of the application form from the investor/ distributor. In case, the correct code is not received within 30 calendar days, the AMC shall reprocess the transaction under DWS Gilt Fund-Direct Plan/DWS Insta Cash Plus Fund-Direct Plan from the date of application without any exit load. Options Dividend (Payout & Reinvestment) and Growth Dividend (Daily Reinvestment, Weekly, Monthly, Quarterly & Annual) Payout/Reinvestment and Growth Dividend Option Growth Option Lock-In Period Minimum Application Amount for lump sum investment Minimum Application Amount for additional investments The Trustees reserve the right to declare dividend under the Scheme depending on the net distributable surplus available under the Option. It should, however, be noted that the actual distribution of dividends and the frequency of distribution will depend, inter alia, on the availability of the distributable surplus and will be entirely at the discretion of the Trustees or any Committee authorized by them. All Income earned and realized profit in respect of a unit issued under that will continue to remain invested until repurchase and shall be deemed to have remain invested in the option itself which will be reflected in the NAV. Not Applicable Minimum ` 5000/- (Five Thousand) and in multiples of ` 1/- thereafter. Minimum ` 1000/- (One Thousand) and in multiples of ` 1/- thereafter. Minimum Repuchase / Redemption Amount Systematic Investment Plan (SIP) Minimum ` 1000/- (One Thousand) and in multiples of ` 1/- thereafter. Available ` 1000 or 100 units or account balance, whichever is lower. Not Available Systematic Transfer Plan (STP) Systematic Withdrawal Plan (SWP) Minimum Application Amount for investments through SIP/ STP/SWP Frequency Switching Entry Load on lump sum investment/sip/stp/swp Exit Load on lump sum Investment/SIP/STP/SWP Available Available Minimum amount of ` 12000/- divided into 12 installments of ` 1000/- each for 12 months or 6 installments of ` 2000/- each for 6 months or 4 installments of ` 3000/- each for 3 months. SIP s upto ` 50000/- per year per investor i.e. aggregate of installments in a rolling 12 months period or in a F.Y. (to be referred as Micro SIP ) shall be exempt from the requirement of PAN as a proof of identification. For SIP/STP: 1st, 7th, 15th, 21st and 28th of the month/quarter/week or on the next business day if the chosen date happens to be a holiday. For SWP: 7th, 15th, 21st and 28th of the month/quarter/week or on the next business day if the chosen date happens to be a holiday. Perpetual duration under SIP has been introduced w.e.f. June 30, Investors may opt to switch units between different schemes of Deutsche Mutual Fund and also between different options (Growth/Dividend) and plans of the same scheme at NAV based prices. Nil Nil Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors assessment of various factors including the service rendered by the distributor. No exit load will be charged for switches between options of the same scheme. No exit load will be charged for switches and STP from any scheme to the equity schemes of DMF (except DWS Arbitrage Fund) For further details on load structure refer to the section Load Structure on page no 66. COMBINED SCHEME INFORMATION DOCUMENT (SID) - II 10

11 Investments by NRIs/FIIs/FPIs Liquidity Transparency Applicable NAV Investment by NRIs/FIIs/FPIs are allowed on a full repatriation basis subject to RBI approvals, if any. Further, the sale and solicitation of Units of the Fund is prohibited to citizens and residents of United States of America or any other jurisdiction which restricts or regulates the sale of Indian securities to its citizens and/or residents or which jurisdiction could otherwise subject the AMC or its parent companies or any of its affiliates or employees or the trustees to any reporting, licensing or registration requirements, in such jurisdiction. Neither this SID nor the units have been registered in any jurisdiction. The distribution of this SID in certain jurisdictions may be restricted or subject to registration requirements and, accordingly, persons who come into possession of this SID in such jurisdictions are required to inform themselves about, and to observe, any such restrictions. No person receiving a copy of this SID or any accompanying application form in such jurisdiction may treat this SID or such application form as constituting an invitation to them to subscribe for Units, nor should they in any event use any such application form, unless in the relevant jurisdiction such an invitation could lawfully be made to them and such application form could lawfully be used without compliance with any registration or other legal requirements. The Unitholders would be entitled to redeem their units at any time subject to the applicable load in all the Schemes. The Schemes will not be listed on any stock exchange. The NAV of the Scheme will be declared on every Business Day on the AMFI website and the Fund s website by 9. p.m on the same day. Also, NAV shall be published in atleast 2 daily newspapers. The complete portfolio shall also be published in 2 newspapers on a half yearly basis. The monthly portfolio of the Schemes shall be available in a user-friendly and downloadable format on the website viz. com on or before the tenth day of succeeding month. As presently required by the SEBI (MF) Regulations, a complete statement of the portfolio under the Scheme(s) would also be published by the Mutual Fund as an advertisement in one English daily Newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated within one month from the close of each half year (i.e. March 31 & September 30) or mailed to the Unit holders. Purchase and Switch-in: In respect of purchase of units in above Scheme with amount less than ` 2 Lakhs : If the applications is received on any Business Day at the official points of acceptance of transactions along with a local cheque or a demand draft payable at par at the place of submission of the applications : (i) up to 3.00 p.m. - Closing NAV of the day of receipt of application. (ii) after 3.00 p.m. - Closing NAV of the next Business Day. In respect of valid application received for an amount equal to or more than ` 2 lakhs upto 3.00 p.m. on a Business Day at the official point(s) of acceptance and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time i.e. available for utilization before the cut-off time the closing NAV of the day shall be applicable; In respect of valid application received for an amount equal to or more than ` 2 lakhs after 3.00 p.m. on a Business Day at the official point(s) of acceptance and funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time of the next Business Day i.e. available for utilization before the cutoff time of the next Business Day - the closing NAV of the next Business Day shall be applicable; Irrespective of the time of receipt of application for an amount equal to or more than ` 2 lakhs at the official point(s) of acceptance, where funds for the entire amount of subscription / purchase as per the application are credited to the bank account of the respective Scheme before the cut-off time on any subsequent Business Day i.e. available for utilization before the cut-off time on any subsequent Business Day - the closing NAV of such subsequent Business Day shall be applicable. Redemption and Switch-out: Applications received on any Business Day at the official points of acceptance of transactions (i) Upto 3.00 PM: Closing NAV of day of the receipt of the Application (ii) After 3.00 PM: Closing NAV of the next Business Day after the day of receipt of application Purchase and Switch in: Applications received on any Business Day at the official points of acceptance of transactions along with a local cheque or a demand draft payable at par at the place of submission of the application: i. where the application is received upto 2.00 p.m. on a business day and funds are available for utilization before 2.00 p.m: Closing NAV of the day immediately preceding the day of receipt of application; ii. where the application is received after 2.00 p.m. on a business day and funds are available for utilization on the same day: Closing NAV of the day immediately preceding the next business day; and iii. irrespective of the time of receipt of application, where the funds are not available for utilization before 2.00 p.m: Closing NAV of the day immediately preceding the day on which the funds are available for utilization. Redemption & Switch out: Applications received on any Business Day at the official points of acceptance of transactions i. Upto 3.00 p.m. - Closing NAV of the day immediately preceding the next Business Day. ii. After 3.00 p.m. - Closing NAV of the next Business Day. * w.e.f. January 1, 2013: Direct Plan is available only for investors who purchase/subscribe units in a scheme directly with the fund and is not available for investors who route their investments through distributors. Name of the Scheme DWS Treasury Fund - Cash Plan (DTF-CP) DWS Treasury Fund - Investment Plan (DTF-IP) Type An Open-Ended Liquid Plan An Open-Ended Debt Plan Investment Objective Benchmark To provide liquidity and generate stable returns to the investors by investing in a high quality portfolio comprising a mix of short term debt and money market instruments. CRISIL Liquid Fund Index To provide liquidity and generate stable returns by investing in a mix of short term debt and money market instruments. 11