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Friday, November 23, 2007
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Mutual Fund News
Nov 17 2007 12:04PM
HDFC Mutual Fund launches new FMP
Name of fund: HDFC FMP 181 Days November 2007.

Scheme: Close end 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 securities 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: Each series will have wholesale and retail plan. The Scheme offers investors growth option and dividend option under both the plans. Dividend option offers payout facility only.

Entry load: Nil

Exit load: The fund would charge an exit load of 0.75% 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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Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
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