HDFC Mutual Fund (MF) has launched a new plan named as HDFC MF Fixed Maturity Plan 1112D June 2015 (1), a plan under HDFC Fixed Maturity Plans - Series 33 (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 26 June to 1 July 2015.
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 3 options - growth, dividend & flexi option.
The plan would invest 80% to 100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in money market instruments with low risk profile.
The minimum application amount is Rs. 5,000.
Entry & exit load charge will be nil for the plan.
Benchmark Index for the plan is CRISIL Composite Bond Fund Index.
The fund managers of the scheme are Shobhit Mehrotra & Rakesh Vyas (Dedicated fund manager for overseas investments).
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