HDFC Mutual Fund Unveils Three Fixed Maturity Plan

Mutual Funds

oi-Sneha

By Sneha B K

Published: Wednesday, March 14, 2012, 12:39 [IST]

HDFC Mutual Fund has launched three new plans named as HDFC FMP 772D March 2012 (1), fixed maturity plan under HDFC Fixed Maturity Plans - Series XX, HDFC FMP 370D March 2012 (1) and HDFC FMP 366D March 2012 (1), fixed maturity plan under HDFC Fixed Maturity Plans - Series XXI (close-ended income schemes).

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 fund seeks to collect a minimum subscription amount of Rs 20 crore under each plan during the NFO period.

Allocation of funds:
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.

Important dates for the three FMPs are:
HDFC FMP 772D March 2012 (1): The NFO opens on March 15, 2012 and closes on March 19, 2012.
HDFC FMP 370D March 2012 (1): The NFO opens on March 15, 2012 and closes on March 20, 2012.
HDFC FMP 366D March 2012 (1): The NFO opens on March 21, 2012 and closes on March 26, 2012.

Basic Details:
NFO Opens: March 9, 2012
NFO Closes: March 13, 2012
NFO Price: Rs 10 per unit
Benchmark: Crisil Liquid Fund Index and Crisil Short Term Bond
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: NIL
Fund Manager:Mr.Bharat Pareek

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