HDFC Mutual Fund has launched five new plans named as HDFC FMP 400D February 2012 (1), HDFC FMP 400D March 2012 (1), HDFC FMP 392D March 2012 (1), HDFC FMP 392D March 2012 (2), HDFC FMP 391D March 2012 (1), fixed maturity plan under HDFC Fixed Maturity Plans - Series XXI (close-ended income schemes). The face value of the new issue will be Rs 10 per unit. The new issue opening and closing dates are as follows: Name of Plans | NFO Opening Date | NFO Closing Date | HDFC FMP 400D February 2012 (1) | 29 February 2012 | 6 March 2012 | HDFC FMP 400D March 2012 (1) | 6 March 2012 | 12 March 2012 | HDFC FMP 392D March 2012 (1) | 13 March 2012 | 14 March 2012 | HDFC FMP 392D March 2012 (2) | 16 March 2012 | 20 March 2012 | HDFC FMP 391D March 2012 (1) | 21 March 2012 | 27 March 2012 |
The investment objective of the plans is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plans. The plans shall offer two options - growth and dividend option. The plans would invest 60% to 100% of assets in debt & money market instruments with low to medium risk profile. The plans may invest upto 40% of net assets 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 each plan during the NFO period. Entry and exit load charge will be nil for the plans. Units of the plans will be listed on the National Stock Exchange & Bombay Stock Exchange. Powered by Capital Market - Live News |