HDFC Mutual Fund unveils two Fixed Maturity Plan

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    HDFC MF Unveils two Fixed Maturity Plan
    HDFC Mutual Fund has launched two new plans named as HDFC FMP 372D January 2013 (1) and HDFC FMP 372D January 2013 (2), fixed maturity plan under HDFC Fixed Maturity Plans - Series 23 (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 372D January 2013 (1): NFO opens on 11 Jan 2013, closes on 14 Jan 2013.
    HDFC FMP 372D January 2013 (2): NFO opens on 15 Jan 2013, closes on 21 Jan 2013.

    Investment Strategy:

    The net assets of the Plan(s) under the Scheme will be invested in Debt, Money market instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). The primary objective of the Plan(s) 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).

    Option/Plan:

    • Growth option 
    • Dividend option
    • Flexi option 

    Dividend Option offers Normal Dividend Option and Quarterly Dividend Option with Payout facility only.

    Minimum application amount is Rs 5,000 and in multiples of Rs10 thereafter.

    Risk Control:

    Investments made from the corpus of the Plan(s) would be in accordance with the investment objective of the Scheme and the provisions of the SEBI (MF) Regulations. The AMC will strive to achieve the investment objective by way of a judicious portfolio mix comprising of debt, money market instruments and government securities. Every investment opportunity would be assessed with regard to credit risk, interest rate risk and liquidity risk.

    Liquidity Risk:

    Since the investors cannot redeem/ Switch units of the Plan(s) under the Scheme directly with the Mutual Fund until the final redemption/ maturity date and the assets would also mature on or before the maturity date, the liquidity risk would be minimized.

    GoodReturns.in

    Read more about: mutual funds hdfc fmp investment
    Story first published: Saturday, January 12, 2013, 10:26 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more