NFO Period from 23 to 29 December 2009
HDFC Mutual Fund has launched a new fund named as HDFC FMP 15M December
2009, a close ended income scheme under HDFC Fixed Maturity Plans –
Series XII. The New Fund Offer (NFO) price for the scheme is Rs 10 per
unit. The new issue is open for subscription from 23 December 2009 and
closes subscription on 29 December 2009.
The investment objective of the Plan under the scheme is to generate
income through investments in Debt / Money Market Instruments and
Government Securities maturing on or before the maturity date of the
respective Plan(s).
The scheme offers Growth and Dividend Option. Dividend Option
offers Quarterly Dividend Option and Normal Dividend Option with Payout
facility only.
The maturity date of HDFC FMP 15M December 2009 is 15 months from the date of allotment of units.
The scheme will invest 60% to 100% of assets in debt and money
market instruments including securitized debt with low to medium risk
profile and up-to 40% of assets in Government Securities with low risk
profile. Investments in securitized debt shall not normally exceed 75%
of the net assets.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter per application under the scheme.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
The entry load charge will not be applicable for the scheme.
Since the scheme will be listed on the stock exchange, there will be no
exit load applicable.
The scheme is proposed to be listed on the National Stock Exchange.
Benchmark Index for the plan is Crisil Short Term Bond Fund Index.
The fund managers of the scheme will be Mr. Shobhit Mehrotra and Mr. Anand Laddha.