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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