HDFC Mutual Fund unveils eight Fixed Maturity Plan

Mutual Funds

oi-Sneha

By Sneha B K

Published: Wednesday, July 4, 2012, 15:36 [IST]

HDFC Mutual Fund has launched eight new fixed maturity plans under HDFC Fixed Maturity Plans - Series 22 (close-ended income schemes). The face value of the new issue will be Rs 10 per unit. The new issue opening and closing dates are as follows:

Important dates for the FMPs are:

HDFC FMP 92D July 2012 (1) : NFO opens on July 2 and closes on July 3, 2012. Duration is for 92 days.
HDFC FMP 371D July 2012 (1) : NFO opens on July 4, 2012 and closes on July 10, 2012. Duration is for 371 days
HDFC FMP 372D July 2012 (1) : NFO opens on July 11, 2012 and closes on June 16, 2012. Duration is for 372 days
HDFC FMP 91D July 2012 (1) : NFO opens on July 12, 2012 and closes on July 17, 2012. Duration is for 91 days
HDFC FMP 371D July 2012 (2) :NFO opens on July 18, 2012 and closes on July 24, 2012. Duration is for 371 days
HDFC FMP 90D July 2012 (2) : NFO opens on July 19, 2012 and closes on July 24,, 2012. Duration is for 90 days
HDFC FMP 371D July 2012 (3) : NFO opens on July 25, 2012 and closes on July 31, 2012. Duration is for 371 days
HDFC FMP 91D July 2012 (2) : NFO opens on July 26, 2012 and closes on July 31, 2012. Duration is for 91 days

Investment Objective:

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 plans shall offer two options - growth and dividend option.

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.

Entry and exit load charge will be nil for the plans. Units of the plans will be listed on the Stock Exchange(s) where investors can purchase / sell units on a continuous basis.

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.

Other Details:

NFO: Rs 10 per unit
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Mr. Bharat Pareek.

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