Saturday, February 16, 2008

HDFC MF Launches 90 Days Plan Under HDFC FMP -Series VII

Name of fund: HDFC Fixed Maturity Plan 90 Days February 2008

Scheme: Close end income fund.

Objective: The investment objective of the fund is to generate regular income through investments in debt, money market instruments, and government securities.

Options: HDFC Fixed Maturity Plan 90 Days February 2008 offers wholesale plan and retail plan with growth and dividend option.

The Minimum Investment Amount:

Under retail Plan: Rs. 5,000 and in multiple of Re. 1 thereafter per application

Under wholesale Plan: Rs. 1 Crore and in multiples of Re. 1 thereafter per application

Asset allocation:

Debt securities and money market instruments: 60-100%

Government securities: 0- 40%

Securitised debt: Up to 75% of net assets of plan

Snapshot

Face value: Rs 10

Offer opens: 18 February 2008

Offer closes: 20 February 2008

Entry load: Nil

Exit load: The fund would charge an exit load of 0.75% if the units are redeemed or switched out before maturity.

Benchmark Index: Crisil Liquid Fund Index

Fund Manager: Mr. Shobhit Mehrotra.

No comments: