HDFC MF launches 24 months FMP

Posted By:
Subscribe to GoodReturns

HDFC MF launches 24 months FMP
HDFC Mutual Fund has launched a new fund offer named as HDFC Fixed Maturity Plan 24 Months September 2011 (1), under HDFC Fixed Maturity Plans - Series XIX. It’s a close-ended income scheme with duration of 24 months from the date of allotment.

Investment objective:
The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period.

The scheme would invest 80% to 100% of assets in debt & money market instruments including securitized debt with medium risk profile. The scheme may invest up to 20% of net assets in money market instruments and government securities with medium risk profile.

Basic Details:
NFO Opens: September 30, 2011
NFO Closes: October 11, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth option
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Exit Load: Nil
Benchmark: CRISIL Short Term Bond Fund Index
Fund Managers: Mr. Bharat Pareek and Mr. Miten Lathia

Read more about: mutual funds, debt nfo, fmp
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'