Important dates for the two FMPs are:
HDFC FMP 370D April 2012 (1) : NFO opens on April 12 and closes on April 17 2012
HDFC FMP 92D April 2012 (1) : NFO opens on April 12 and closes on April 17 2012
The investment objective of the plans is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plans.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under each plan during the NFO period.
Allocation of funds:
The plans would invest 60% to 100% of assets in debt & money market instruments with low to medium risk profile. The plans may invest upto 40% of net assets in government securities with low risk profile.
For plans having maturity upto 91 days, the benchmark index is Crisil Liquid Fund Index and Crisil Short Term Bond Fund Index for plans having maturity more than 91 days and upto 400 days.
NFO Price: Rs 10 per unit
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: NIL
Managers: Bharat Pareek.