HSBC Mutual Fund has collected Rs 353 crore through its Fixed Term Series 46 and Fixed Term Series 48 during its initial offer period.
Both these schemes are close-ended fixed term income funds.
Fixed Term Series 46, a 370 days plan was opened for subscription from 24 March to 27 March 2008. It collected Rs 88 crore during its NFO period.
Fixed Term Series 48, is a close-ended fixed term income scheme. The maturity date of plan would be 6 months from the date of allotment of units under the scheme. The issue was opened for subscription on 28 March and closes on 2 April 2008. It raised Rs 263 crore during its initial offering period.
The investment objective of both the schemes is to seek generation of returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the plan.
Both the schemes will have an investment in money market instruments and debt instruments.
Both these schemes are close-ended fixed term income funds.
Fixed Term Series 46, a 370 days plan was opened for subscription from 24 March to 27 March 2008. It collected Rs 88 crore during its NFO period.
Fixed Term Series 48, is a close-ended fixed term income scheme. The maturity date of plan would be 6 months from the date of allotment of units under the scheme. The issue was opened for subscription on 28 March and closes on 2 April 2008. It raised Rs 263 crore during its initial offering period.
The investment objective of both the schemes is to seek generation of returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the plan.
Both the schemes will have an investment in money market instruments and debt instruments.
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