HDFC FMP 1269D March 2023 NFO: Here’s all you need to know

16 Mar 2023 , 11:15 AM

HDFC Mutual Fund is launching NFO under its “fixed maturity plan”, named as HDFC FMP 1269D March 2023 Fund. This close-ended fund with tenure of 1269 days will invest in a relatively high interest rate risk and relatively low credit risk instruments.

Investment strategy: The Scheme has the flexibility to invest in a range of debt instruments and would seek to minimise interest rate risk while avoiding undue credit risks.  

Asset allocation: HDFC FMP 1269D March 2023 Fund seeks to generate income over 1269 Days (plan tenure) by investing in debt, money market instruments and government securities.

Who should invest?

Investors with moderate risk appetite and want to invest 1296 days should invest in HDFC FMP 1269D March 2023 Fund. 

Risk associated: Mpderate level of risk.

Benchmark: Multiple benchmarks.

Fund Managers: Mr. Vikash Agarwal.

The NFO is available for subscription from March 14 to March 20. The scheme is proposed to list on BSE and/ or NSE. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in HDFC FMP 1269D March 2023 Fund.