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Tuesday, January 20, 2015

HDFC Focused Equity Fund - Plan A Floats On

NFO period is from 15 January to 13 February 2015 

HDFC Mutual Fund has launched a new plan named as HDFC Focused Equity Fund, a close ended equity scheme investing in eligible securities as per Rajiv Gandhi Equity Savings Scheme. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 15 January to 13 February 2015. 

The investment objective of the Scheme is to generate long term capital appreciation from a portfolio of Eligible Securities as specified in Rajiv Gandhi Equity Savings Scheme. 

The plan shall offer two plans i.e. Plan A & Plan B. Each plan offer growth and dividend payout options. 

The plan would invest 95%-100% of assets in equity securities specified as eligible securities for RGESS debt instruments & government securities with medium to high risk profile and invest upto 5% of assets in money market instruments and liquid schemes with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

Entry and exit load charge will be not applicable for the plan. 

Benchmark Index for the plan is S&P BSE 100 Index. 

Srinivas Rao Ravuri is the fund manager of the scheme. 
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