Name of fund: HDFC FMP 18M November 2007. Scheme: A Close- ended income fund.
Objective: The investment objective of the fund is to generate regular income through investments in debt, money market instruments, and government securities.
Asset allocation:
Debt and money market instruments: 60-100%
Government securities: 0- 40%
Securitised debt: Up to 75% net assets of plan
Offer opens: 12 November 2007
Offer closes: 19 November 2007
Face value: Rs 10
Investment Options: The scheme will have wholesale and retail plan. The Scheme offers investors growth option and dividend option under both the plans. Dividend option offers quarterly dividend option and normal dividend option with payout facility only.
Entry load: Nil
Exit load: The fund would charge an exit load of 2.00% if the units are redeemed or switched out before maturity.
Minimum Investment Amount: The minimum investment amount under retail scheme is Rs 5, 000 and in multiple of Re 1 thereafter. The minimum investment amount under wholesale scheme is Rs 1 crore and in multiple of Re 1 thereafter.
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