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Tuesday, June 24, 2014

HDFC Fixed Maturity Plan 750D June 2014 (1) Floats On

NFO period is from 26 June to 08 July 2014 

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 750D June 2014 (1), a plan under HDFC Fixed Maturity Plans – Series 31 (a 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 26 June to 08 July 2014. 

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 three options – growth, dividend and flexi option. 

The plan would invest 70%-100% of assets in debt instruments and government securities with medium risk profile and invest upto 30% of assets in money market instruments 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. 

Benchmark Index for the plan is CRISIL Short Term Bond Fund Index. 

The fund managers of the scheme are Shobhit Mehrotra & Rakesh Vyas (Dedicated fund manager for overseas investments).
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