Important dates for the two FMPs are:
HDFC FMP 370D December 2011 (1): The NFO opens on December 9, 2011 and closes on December 13, 2011. The scheme has a duration of 370 days.
HDFC FMP 92D December 2011 (1): The NFO opens on December 9, 2011 and closes on December 14, 2011. The scheme has a duration of 92 days.
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 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.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under each plan during the NFO period.
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Options: Dividend Payout and Growth option
Exit Load: Nil
Listing: National Stock Exchange
Benchmark: Crisil Short Term Bond Fund Index
Fund Manager: Mr. Bharat Pareek