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Wednesday, August 19, 2015

HDFC Dual Advantage Fund – Series I – 1100D August 2015 Floats On

NFO period is from 19 August to 02 September 2015 

HDFC Mutual Fund has launched a new plan named as HDFC Dual Advantage Fund – Series I - 1100D August 2015, a close-ended income scheme. The tenure of the scheme is 1100 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 19 August to 02 September 2015. 

The investment objective of the plan is to generate income by investing in a portfolio of debt and money market securities with mature on or before the date of maturity of the scheme. 

The scheme is also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation. 

The plan shall offer growth and dividend option. Dividend option offers dividend payout facility only. 

The plan would invest 75%-100% of assets in debt and money market instruments with low to medium risk profile and invest upto 25% of assets in equity & equity related instruments (including equity derivatives) with high 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 scheme during the NFO period. 

Entry and exit load charge are not applicable for the plan. 

Benchmark Index for the plan is CRISIL Debt Hybrid 75+25 Fund Index. 

The fund managers of the scheme are Anil Bamboli (Debt Portfolio), Vinay R.Kulkarni (Equity Portfolio) & Rakesh Vyas (Dedicated fund manager for overseas investments). 
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