HDFC Mutual Fund, India’s largest* fund house in the country, announced the launch of HDFC CPO - I - 36M September 2013, a Plan under HDFC Capital Protection Oriented Fund - Series I, a close-ended capital protection oriented income scheme.
The scheme would be open for subscription between September 16, 2013 and September 30, 2013.
The scheme is focused towards protection of capital.
(The scheme is "oriented towards protection of capital" and "not with guaranteed returns". The scheme does not guarantee any returns. The orientation towards protection of capital originates from the structure of the Portfolio of the Scheme and not from any Bank guarantee, Insurance Cover etc. There is no assurance that the structure would provide the necessary protection of capital.)
Scheme Rating - [ICRA]AAAmfs(SO) by ICRA
(The assigned rating is conditional and should not be treated as a recommendation to buy, sell or hold the units issued by HDFC Mutual Fund. The rating is restricted to HDFC Capital Protection Oriented Fund - Series I only. ICRA does not assume any responsibility on its part, for any liability, that may arise consequent to the Mutual Fund not complying with any guidelines or directives issued by SEBI or any other mutual fund regulatory body.)
The objective of the scheme, HDFC Capital Protection Oriented Fund – Series I is to generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of the Scheme. The Scheme also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation.
The portfolio of the Scheme will be structured in a manner that the debt allocation of the portfolio will lead to orientation towards protection of capital at the time of maturity and equity allocation of the portfolio will provide upside over the face value.
The Scheme offers Regular Option and Direct Option. Each Option offers Growth option and Dividend option with Payout facility.
The performance of the HDFC Capital Protection Oriented Fund – Series I would be benchmarked against CRISIL MIP Blended Index.
Mr. Anil Bamboli (debt portfolio) & Mr. Vinay Kulkarni (equity portfolio) will be the Fund Managers for HDFC Capital Protection Oriented Fund - Series I. Both the fund managers managing large portfolios are associated with HDFC Mutual Fund for several years.
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