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HDFC MF launches two fixed maturity plans

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HDFC MF launches two fixed maturity plans
HDFC Mutual Fund has launched two new schemes named as HDFC FMP 13M August 2011 (1) and HDFC FMP 92D August 2011 (1), fixed maturity plans under HDFC Fixed Maturity Plans - Series XVIII. Both are close-ended income schemes. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit.
 

Important dates for the two FMPs are:

HDFC FMP 13M August 2011 (1): The NFO opens on August 9, 2011 and closes on August 17, 2011. The scheme has a duration of 13 months.

HDFC FMP 92D August 2011 (1): The NFO opens on August 16, 2011 and closes on August 18, 2011. The scheme has a duration of 92 days.

Investment objective:

The investment objective of the schemes is to generate regular income through investments in debt or money market instruments and government securities maturing on or before the maturity date of the schemes.

Fund Allocation:

The schemes would invest 60% to 100% of assets in debt & money market instruments with low to medium risk profile. The schemes may invest upto 40% of net assets in government securities with low risk profile.

Other information:

Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter

Options: Dividend Payout and Growth option

Listing: National Stock Exchange

Benchmark: CRISIL Short Term Bond Fund Index

Fund Manager: Mr Bharat Pareek

Exit Load: Nil

OneIndia Money

Story first published: Friday, July 29, 2011, 13:37 [IST]
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