Wednesday, March 19, 2008

HDFC MF Launches 370D March 2008 (1)

Name of fund: HDFC Fixed Maturity Plan 370D March 2008 (1).

Scheme: The scheme is of close-ended income nature.

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 Plans- 370D March 2008 (1) 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: 24 March 2008

Offer closes: 27 March 2008

Entry load: Nil

Exit load: HDFC Fixed Maturity Plans- 370D March 2008 (1) would charge an exit load of 1.50% if the units are redeemed or switched out before maturity.
Fund Manager: Mr. Shobhit Mehrotra.

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