Saturday, February 9, 2008

HDFC MF Has Preponed NFO Period

HDFC Mutual Fund has preponed the new fund offering (NFO) period of HDFC Fixed Maturity Plan -Series VI- 90 Days January 2008 to 18 February 2008. The fund was scheduled to close on 3 March 2008. HDFC Fixed Maturity Plan -Series VI- 90 Days January 2008 is close ended income fund. The scheme seeks to generate regular income through investments in debt, money market instruments, and government securities.

HDFC Fixed Maturity Plan -Series VI- 90 Days January 2008 will offer offers wholesale plan and retail plan with growth and dividend option. The minimum investment under retail plan is Rs 5000 whereas the minimum investment under wholesale plan is Rs 1 crore and in multiple of Re. 1 thereafter.