HDFC MF launches “HDFC CPO - III - 1207D Dec 2014”; NFO to close on Dec
17
12/12/2014 10:57
HDFC Mutual Fund has launched a new close ended capital protection oriented income scheme named “HDFC CPO - III - 1207D December 2014” with maturity period of 1207 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on December 5 and will close on December 17. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Anil Bamboli, Rakesh Vyas and Vinay R. Kulkarni will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns will be met by investing in a portfolio of debt & money market instruments and equity & equity related instruments (including equity derivatives). Hence, the scheme will allocate 80 to 100 per cent of asset in debt & money market instruments and 0 to 20 per cent of asset in equity & equity related instruments (including equity derivatives).
12/12/2014 10:57
HDFC Mutual Fund has launched a new close ended capital protection oriented income scheme named “HDFC CPO - III - 1207D December 2014” with maturity period of 1207 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on December 5 and will close on December 17. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Anil Bamboli, Rakesh Vyas and Vinay R. Kulkarni will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns will be met by investing in a portfolio of debt & money market instruments and equity & equity related instruments (including equity derivatives). Hence, the scheme will allocate 80 to 100 per cent of asset in debt & money market instruments and 0 to 20 per cent of asset in equity & equity related instruments (including equity derivatives).
