HDFC MF launches close-ended equity scheme
15/01/2015 00:06
HDFC Mutual Fund has launched a three-year close-ended equity scheme -- HDFC Focused Equity Fund-Plan A - for investing in eligible securities as per Rajiv Gandhi Equity Savings Scheme (RGESS). The new fund offer (NFO), which opens on 15 January, will close on 13 February. The scheme shall predominantly invest in eligible securities of RGESS (minimum 95 per cent) and shall invest in cash and cash equivalents and money market instruments and liquid schemes (maximum 5 per cent), only to the extent necessary to meet the liquidity requirements for honouring redemptions (at the time of maturity)/expenses, the company said in a release.
15/01/2015 00:06
HDFC Mutual Fund has launched a three-year close-ended equity scheme -- HDFC Focused Equity Fund-Plan A - for investing in eligible securities as per Rajiv Gandhi Equity Savings Scheme (RGESS). The new fund offer (NFO), which opens on 15 January, will close on 13 February. The scheme shall predominantly invest in eligible securities of RGESS (minimum 95 per cent) and shall invest in cash and cash equivalents and money market instruments and liquid schemes (maximum 5 per cent), only to the extent necessary to meet the liquidity requirements for honouring redemptions (at the time of maturity)/expenses, the company said in a release.
