HDFC Mutual Fund comes up with new closed ended capital protection scheme
Issue open for subscription: Conservative investors who seek to protect capital while at the same time gain some return due to capital appreciation can subscribe in the scheme that remains open for subscription until January 22, 2014.
Term of the scheme: The tenure of the scheme extends for 36 months or 3 years from the date of allotment of the units in the fund.
Minimum application size: Minimum amount for subscribing into the scheme is Rs. 5000 and in multiples of Rs. 10 thereafter.
Investment objective: Being a capital protection fund, the fund will preserve the capital by deploying funds primarily in money market investment instruments and debt. Further, for providing returns by way of capital appreciation, the fund shall also invest in equity and equity-oriented financial instruments.
Investment distribution: The scheme shall park 75%-100% assets in debt instruments and the remaining in equity and equity derivatives.
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