HDFC MF launches 24 months FMP
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
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