To attract the investors, after SBI, HDFC Mutual Fund has also come out with FMP for 92 days named as HDFC Fixed Maturity Plan 92 Days October 2011 (2), under HDFC Fixed Maturity Plans - Series XIX.
Allocation of Funds:
The scheme would invest 60% to 100% of assets in debt & money market instruments including securitized debt with low to medium risk profile. The scheme may invest up to 40% of net assets in money market instruments and government securities with low risk profile.
NFO Opens: October 14, 2011
NFO Closes: October 18, 2011
NFO Price: Rs.10 per unit
Options: Dividend and Growth
Minimum Application Amount: Rs 5,000 per application and additional of Rs 10, thereafter
Exit Load: Nil
Benchmark: CRISIL Short Term Bond Fund Index
Fund Managers: Mr. Bharat Pareek and Mr. Miten Lathia
View: The fund would primarily invest in Money Market Instruments or Government Debt securities. And the current yield on Certificates of Deposits (CD) for one month is around 9.05% and CD yield for three months is around 9.2%.
So, this provides you a good option to invest if you are looking forward to lock your money for short term horizon.
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