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HDFC Mutual Fund Launches HDFC FMP 370D January 2013 (3)

Capital Market/ 09:58 , Jan 25, 2013

NFO Period from 31 January to 04 February 2013

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 448D January 2013 (3), a plan under HDFC Fixed Maturity Plans - Series 23 (a close-ended income scheme). The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 31 January and will close on 04 February 2013.

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.

The plan would invest 60% to 100% of assets in debt and money market instruments with low medium risk profile. On the other side it would allocate upto 40% in government securities with low risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

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

Entry and exit load charge will be nil for the plan.

Benchmark Index for the plan is CRISIL Short Term Bond Fund Index.

The fund manager of the scheme will be Anil Bamboli.


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