HSBC Mutual Fund has announced that the launch of HSBC Fixed Term Series 67, a close-ended income fund on 23 October 2008. The initial offering period will close on 15 November 2008. The face value of the new fund is Rs 10 per unit. The investment objective of the plan 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. The scheme offers two options under viz. regular and institutional with dividend reinvestment and growth sub-option.
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