HDFC MF Launches New Plan Under FMP-S-VI Scheme

HDFC Mutual Fund (MF) launched HDFC FMP 367 D September 2007 (2) plan under HDFC Fixed Maturity plans- Series VI, a close ended income scheme. The scheme will be open for subscription on 24 September 2007 and close on 1 October 2007. The units of the scheme will be available at Rs 10 per unit. The scheme will invest 60-100% in debt and money market instruments and 0-40% in government securities. Scheme will not charge any entry load however; exit load of 1.50% will be levied if units are redeemed before maturity period. Exit load will be nil if units are redeemed after maturity period. The investment objective of the plan under the scheme is to generate regular income through investment in debt/ money market instruments and government securities.