HDFC Mutual Fund unveils HDFC FMP 566D December 2012 (1)

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HDFC MF unveils HDFC FMP 566D
HDFC Mutual Fund has launched a new plan named as HDFC FMP 566D December 2012 (1). It is a close-ended income scheme.

The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 3 December 2012 and will close on 11 December 2012.

Investment objective:

The investment objective of the Plans under the Scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s).

Minimum Application Amount:

Minimum application amount will be Rs 5,000 and in multiple of M 10 thereafter per application under each HDFC Fixed
Maturity Plan during the NFO Period.

Benchmark:

For Plans having maturity upto 36 Months: Crisil Short Term Bond Fund Index
For Plans having maturity of more than 36 Months: Crisil Composite Bond Fund Index

Transaction Charges:

(i) First Time Mutual Fund Investor (across Mutual Funds):Transaction Charge of Rs. 150/- per purchase / subscription of Rs. 10,000/- and above will be deducted from the purchase / subscription amount for payment to the distributor of such investor and the balance shall be invested.

(ii) Investor other than First Time Mutual Fund Investor: Transaction Charge of Rs. 100/- per purchase / subscription of Rs. 10,000/- and above will be deducted from the purchase/ subscription amount for payment to the distributor of such investor and the balance shall be invested. 

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Read more about: mutual funds, hdfc, fmp
Story first published: Thursday, December 6, 2012, 12:59 [IST]
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