Important dates for the three FMPs are:
HDFC FMP 370D May 2012 (2): NFO opens on May 16 and closes on May 22, 2012. Duration is for 370 days
HDFC FMP 92D May 2012 (1) : NFO opens on May 17 and closes on May 23, 2012. Duration is for 92 days
HDFC FMP 92D May 2012 (1) : NFO opens on May 23 and closes on May 29, 2012. Duration is for 370 days
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.
Allotment 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.
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Mr. Bharat Pareek.