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HDFC Mutual Fund Unveils Eight Fixed Maturity Plan

HDFC MF unveils eight FMP
HDFC Mutual Fund has launched eight new fixed maturity plans under HDFC Fixed Maturity Plans - Series 22 (close-ended income schemes). The face value of the new issue will be Rs 10 per unit.

Important dates for the FMPs are:
HDFC FMP 372D June 2012 (1) : NFO opens on June 1 and closes on June 4, 2012. Duration is for 372 days.
HDFC FMP 90D June 2012 (1) : NFO opens on June 4, 2012 and closes on June 6, 2012. Duration is for 90 days
HDFC FMP 372D June 2012 (2) : NFO opens on June 6, 2012 and closes on June 11, 2012. Duration is for 372 days
HDFC FMP 90D June 2012 (2) : NFO opens on June 8, 2012 and closes on June 13, 2012. Duration is for 90 days
HDFC FMP 372D June 2012 (3):NFO opens on June 13, 2012 and closes on June 18, 2012. Duration is for 372 days
HDFC FMP 92D June 2012 (1): NFO opens on June 15, 2012 and closes on June 20, 2012. Duration is for 92 days
HDFC FMP 371D June 2012 (1): NFO opens on June 21, 2012 and closes on June 26, 2012. Duration is for 371 days
HDFC FMP 91D June 2012 (1) : NFO opens on June 21, 2012 and closes on June 26, 2012. Duration is for 91 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 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.

For plans having maturity upto 91 days, the benchmark index is Crisil Liquid Fund Index and Crisil Short Term Bond Fund Index for plans having maturity more than 91 days and upto 400 days.

Basic Details:
NFO: Rs 10 per unit
Listing:BSE & NSE
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Mr. Bharat Pareek.

GoodReturns.in

Story first published: Saturday, June 2, 2012, 13:44 [IST]
Read more about: mutual funds hdfc fmp

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