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Thursday, January 29, 2009

HDFC MF announces changes in characteristics of portfolio of liquid schemes

Change will be on a prospective basis

HDFC Mutual Fund has announced changes in the characteristics of portfolio of HDFC Liquid Fund and HDFC Cash Management Fund – Saving Plan and Call Plan (Liquid Schemes).

In accordance with Sebi circular date 19 January 2009, the investment pattern indicating characteristics of the portfolio of the liquid schemes have been revised as follows:

i) With effect from February 01, 2009 till 30 April 2009, the Schemes shall make investments in / purchase debt and money market securities with maturity of upto 182 days only and in case of securities with put and call options (daily or otherwise) the residual shall not be greater than 182 days.

ii) With effect from May 01, 2009 the Schemes shall make investments in / purchase debt and money market securities with maturity of upto 91 days only and in case of securities with put and call options (daily or otherwise) the residual shall not be greater than 90 days.

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