HDFC Mutual Fund Unveils Fixed Maturity Plan with the Duration of 182 Days

http://www.moneyspidery.com/2012/02/10/hdfc-mutual-fund-unveils-fixed-maturity-plan-with-the-duration-of-182-days/

NFO Period from 10 February to 13 February 2012

HDFC Mutual Fund has unveiled a new plan named as HDFC FMP 182D February 2012 (1), a fixed maturity plans under HDFC Fixed Maturity Plans – Series XIX (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 16 February and will close on 22 February 2012.



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 two options – growth and dividend option.

The plan would invest 60% to 100% of assets in debt & money market instruments with low to medium risk profile. The plan 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 the plan during the NFO period.

Entry and exit load charge will be nil for the plan. The plan will be listed on the National Stock Exchange.
Benchmark Index for the plan is CRISIL Short Term Bond Fund Index.
The fund manager of the plan will be Bharat Pareek.