HDFC MF Plans To Launch HDFC FMP-Series X - Sep 16, 2008

New Delhi: HDFC MF plans to roll out a new fund called HDFC Fixed Maturity Plan -Series X and it is a close-ended income scheme. The investment objective of the plan(s) under the scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities. The scheme proposes to launch 47 plans with following maturity: 30 Days plan (number of plans is 5), 90 Days (25), 367 Days (5), 13 Months (3), 14 Months (2), 15 Months (1), 16 Months (2), 18 Months (2), 24 Months (1) and 36 Months (1). The scheme will have retail and wholesale plans with dividend and growth option.

Dividend Option under 30 Days Plan(s) and 90 Days Plan(s) offers normal dividend option and dividend option under 367 Days Plan(s), 13 Months Plan(s), 14 Months Plan(s), 15 Months Plan, 16 Months Plan(s), 18 Months Plan(s), 24 Months Plan and 36 Months Plan offers quarterly dividend option and normal dividend option. Quarterly dividend option and normal dividend option offers dividend payout facility only. Each HDFC Fixed Maturity Plan will be managed as a separate portfolio having common portfolio for both Retail and Wholesale Plans. The fund will invest 60-100% in Debt and Money Market 60% 100% Low to Medium Instruments (including securitised debt) and 0-40% in government securities. Investments in securitised debt shall not normally exceed 75% of the net assets of the respective Plan(s)