HDFC Mutual Fund house has launched HDFC Fixed Maturity Plan 90D November 2008 (3) under HDFC Fixed Maturity Plans-Series X. The new offer period (NFO) will open for subscription on 20 November and close for subscription on 24 November 2008. The face value of new issue is Rs 10 per unit. It is a close ended income scheme. The investment objective of the plan under the scheme is to generate regular income through investments in debt, money market instruments and government securities.
HDFC Fixed Maturity Plan 90 Days November 2008 (3) offers wholesale plan and retail plan with growth and dividend option. Under retail plan, the minimum application amount will be Rs. 5,000 and in multiples of Re. 1 thereafter. Under wholesale plan, the minimum investment amount is Rs. 25 lakh and in multiples of Re. 1 thereafter. The scheme will invest 60%-100% in debt and money market instruments, with low to medium risk profile. The scheme will also invest upto 40% in government securities with low risk profile. Investment in securitized debt will not exceed 75% of the net assets of the respective plans.
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