HDFC Mutual Fund launches HDFC FMP 371D November 2012 (1)

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HDFC MF launches HDFC FMP 371D
HDFC Mutual Fund has launched a new plan named as HDFC FMP 371D November 2012 (1), a plan under HDFC Fixed Maturity Plans - Series 23 (a close-ended income scheme).

Investment Objective:

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

The plan shall offer two options - growth and dividend option.

Allocation of Funds:

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

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the plan during the NFO period.
Entry and exit load charge will be nil for the plan.

Basic Details:

NFO Opens: November 8, 2012
NFO Closes: November 20, 2012
NFO: Rs 10 per unit
Minimum application: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: CRISIL Short Term Bond Fund Index.
Manager: Anil Bamboli.

Read more about: mutual funds, hdfc, fmp
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