HDFC MF launches three fixed maturity plans

Mutual Funds

oi-Monika

By Monika Nihalani

Published: Friday, December 9, 2011, 15:13 [IST]

HDFC Mutual Fund has launched three new schemes named as HDFC FMP 370D December 2011 (2), HDFC FMP 92D December 2011 (2) and HDFC FMP 370D December 2011 (3) under HDFC Fixed Maturity Plans - Series XIX (close-ended income scheme). All the three 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 370D December 2011 (2): The NFO opens on December 15, 2011 and closes on December 22, 2011. The scheme has a duration of 370 days.

HDFC FMP 92D December 2011 (2): The NFO opens on December 21, 2011 and closes on December 27, 2011. The scheme has a duration of 92 days.

HDFC FMP 370D December 2011 (3): The NFO opens on December 21, 2011 and closes on December 28, 2011. The scheme has a duration of 370 days.

Investment objective:
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.

Other information:
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

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