HDFC Mutual Fund announced the launch of HDFC Infrastructure Fund that closes on 21 February 2008. Units can be purchased only during the NFO period i.e. 8 January 2008 to 21 February 2008.
HDFC Infrastructure Fund is a 3-year close-ended equity scheme with automatic conversion into an open-ended scheme upon maturity.
The primary investment objective of to seek long-term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure.
Snapshot
Name of Fund: HDFC Infrastructure Fund
Asset Allocation: The fund will invest 65%-100% in equity and equity related instruments of infrastructure / infrastructure related companies. The scheme may invest 0%-35% of the net assets of equity and equity related instruments of companies other than that of infrastructure/infrastructure related companies. The scheme will also invest 0%-35% in debt securities and money market instruments and fixed income derivative. The investment in securitised debt will be up to 30% of the net asset of the scheme.
Fund Opens: 8 January 2008
Fund Closes: 21 February 2008
Face Value: Rs 10
Investment Options: The scheme offers investors a growth option and a dividend payout option. The dividend option will offer dividend payout and reinvestment.
Entry Load: Nil
Exit Load: Nil
Minimum Investment Amount: The minimum initial subscription amount is Rs. 5000 and in multiple of Rs. 100 thereafter.
Benchmark Index: S&P CNX 500
Fund Managers: Mr. Prashant Jain And Mr. Srinivas Rao Ravuri
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