12 Apr 2008 | 10:14
HDFC MF launches another FMP under Series VII
Name of fund: HDFC Fixed Maturity Plan 18 Months April 2008.
Scheme: The scheme is of close-ended income nature.
Objective: The investment objective of the fund is to generate regular income through investments in debt, money market instruments, and government securities.
Options: Both HDFC Fixed Maturity Plans 18 Months April 2008 offers wholesale plan and retail plan with growth and dividend option.
The Minimum Investment Amount:
Under retail Plan: Rs. 5,000 and in multiples of Re. 1 thereafter per application
Under wholesale Plan: Rs. 1 crore and in multiples of Re. 1 thereafter per application
Asset allocation:
Debt securities and money market instruments: 60-100%
Government securities: 0- 40%
Securitised debt: Up to 75% of net assets of plan
Snapshot
Offer opens: 16 April 2008
Offer closes: 21 April 2008
Face value: Rs 10
Entry load: Nil
Exit load: HDFC Fixed Maturity Plan 18 Months April 2008 may charge an 2.00% an exit load if the units are redeemed or switched out before maturity.
Benchmark Index: Crisil Liquid Fund Index
Fund Manager: Mr. Shobhit Mehrotra.
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