HDFC Mutual Fund has launched a new plan named as HDFC FMP 373D August 2012 (1), a plan under HDFC Fixed Maturity Plans - Series 22 (a close-ended income scheme).
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 plan shall offer two options - growth and dividend option.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the plan during the NFO period.
Allocation of Funds:
The plan would invest 60% to 100% of assets in debt & money market instruments with low to medium risk profile. The plan may invest upto 40% of net assets in government securities with low risk profile.
Entry and exit load charge will be nil for the plan.
NFO Opens: August 8, 2012
NFO Closes: August 10, 2012
NFO: Rs 10 per unit
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.