DWS Global Agribusiness Offshore Fund - NFO Analysis

NFO Period: 6th April - 30th April 2010

Fund Features

Scheme Objective: To generate long-term capital growth by investing predominantly in units of overseas mutual funds, focusing on agriculture and/or would be direct and indirect beneficiaries of the anticipated growth in the agriculture and/or affiliated/allied sectors.
Type of Scheme: Open Ended Overseas Fund of Funds
Benchmark Index: MSCI World Index
Options for Investment: Dividend (Payout and Reinvestment) and Growth
Minimum Investment: Rs. 5,000/- and in multiples of Re. 1/- thereafter
Additional Investment & Minimum Repurchase: Rs. 1,000/- and in multiples of Re. 1/- thereafter
Entry Load: Nil
Exit Load: 1% if exited within 1 year of allotment.
SIP, STP & SWP during ongoing offer: Minimum amount of Rs. 12,000/- divided into 12 installments of Rs. 1000/- each for 12 months or 6 installments of Rs. 2000/- each for 6 months or 4 installments of Rs. 3000/- each for 3 months.
Asset Allocation:
Units / securities issued by overseas mutual funds or unit trusts - 80-100%
Debt Instruments including Government Securities, Corporate Debt, Money Market Instruments, (including cash and units of domestic money market mutual funds) - 0-20%

Investment Rationale
• Opportunities in agribusiness due to soaring global population. Strongest population growth in Asia, urbanization & increase in Life expectancy.
• Rising incomes in the developing world.
• Increased demand for high protein food and healthy quality food.
• Land & Water scarcity.
• Increase in demand for Bio-Fuels.
• Climate change and increase in pollution.

Investment Philosophy

• Strong bottom-up stock selection focus embedded in overwriting agribusiness sub-sector trends (for example weather conditions impacting global harvest).
• Active, fundamentally driven investment management approach.

Stock selection

• Strong market position in their specific area of activity.
• Favorable balance sheet ratios.
• Above-average quality of management, focused on generating strong and sustainable earnings.
• Clearly formulated corporate strategy with good prospects for success.
• Transparent and shareholder-friendly information policy with good corporate governance.
How will this fund work?
• The Fund will invest predominantly in units of DWS Invest Global Agribusiness Fund (Underlying Fund) - registered in Luxembourg.
• The underlying fund is managed by Deutsche Investment Management, Americas Inc.
• The underlying fund will offer investors the opportunity to capture value at various points of the 'food chain'.
Why invest in this fund?
• Get a healthy serve of agribusiness, one of the fastest growing global markets.
• Potential reduction of your portion of risk with the fund's broad scope.
• A unique investment idea to add to your portfolio.
• Benefit from a global 'Top Ten'* manager with an international network of investment professionals.