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Wednesday, September 30, 2009

HDFC MF launches 18 months plan

NFO Period from 5 October- 14 October 2009

HDFC Mutual Fund has planned to launch a new fund named as HDFC FMP 18M October 2009, fixed maturity plan under HDFC Fixed Maturity Plans - Series XI, a close-ended income scheme. The face value of the new issue will be Rs 10 per unit. The new issue will be opened for subscription from 5 October 2009 till 14 October 2009.

The investment objective of the plans under the scheme is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the respective plan(s).

Maturity date of the scheme would be 18 months from the date of allotment of units of the scheme.

The fund would invest 60% to 100% in debt & money market instruments including securitized debt. The scheme may invest upto 40% of the scheme's net assets in government securities. Investments in securitized debt would be upto 75% of the net assets of the plan.

The entry and exit load charge will not be applicable for the scheme.

The units of the scheme will be listed on the National Stock Exchange and / or any other stock exchange.

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