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HDFC Mutual Fund unveils two Fixed Maturity Plan


HDFC MF unveils two Fixed Maturity Plan
HDFC Mutual Fund has launched two new plans named as HDFC FMP 1919D January 2013 (1) and HDFC FMP 462D January 2013 (1), fixed maturity plan under HDFC Fixed Maturity Plans - Series 24 (close-ended income schemes). The face value of the new issue will be Rs 10 per unit.

The new issue opening and closing dates are as follows:

  • HDFC FMP 1919D January 2013 (1): The NFO opens on 3 January 2013 and closes on 7 January 2013.
  • HDFC FMP 462D January 2013 (1): The NFO opens on 31 December 2012 and closes on 8 January 2013.

Investment objective:

The investment objective of the Plans under the Scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s).


Growth option and Dividend option. Dividend Option offers Normal Dividend Option and Quarterly Dividend Option with Payout facility only. Flexi option.

Minimum Application Amount:

The Minimum amount for application Rs5,000 and in multiples of 10 thereafter.

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


The Scheme being offered through this Scheme Information Document is a close ended income scheme. The Units of the Scheme will be listed on the Capital Market Segment of the National Stock Exchange of India Ltd. (NSE) and BSE Ltd. (BSE). The Units of the Scheme cannot be redeemed by the investors directly with the Fund until the Maturity / Final Redemption date.

Read more about: mutual funds hdfc fmp
Story first published: Thursday, January 3, 2013, 11:33 [IST]
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