New Close Ended Scheme launched by HDFC Mutual Fund
06/05/2015 10:11
HDFC Mutual Fund has launched a new close ended income scheme named “HDFC FMP 1106D May 2015 (1)” with maturity period of 1106 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 May 5 and will close on May 12. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not 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 Liquid Fund Index for plans having maturity upto 91 Days, Crisil ShortTerm Bond Fund Index for plans having maturity more than 91 Days and upto 36 months and Crisil Composite Bond Fund Index for plans having maturity more than 36 months. Shobhit Mehrotra and Rakesh Vyas will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). Hence, the scheme will allocate 0 to 100 per cent of asset in Debt Instruments, Money Market Instrument and Government Securities for plans having tenure from 15 days to 400 Days,70 to 100 per cent of assets in Debt Instruments and Government Securities and 0 to 30 per cent of asset in Money Market Instruments for plans having tenure from 401 Days to 36 months and 80 to 100 per cent of asset in Debt Instruments and Government Securities and 0 to 20 per cent of asset in Money Market Instruments for plans having tenure above 36 months to 66 months.
06/05/2015 10:11
HDFC Mutual Fund has launched a new close ended income scheme named “HDFC FMP 1106D May 2015 (1)” with maturity period of 1106 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 May 5 and will close on May 12. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not 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 Liquid Fund Index for plans having maturity upto 91 Days, Crisil ShortTerm Bond Fund Index for plans having maturity more than 91 Days and upto 36 months and Crisil Composite Bond Fund Index for plans having maturity more than 36 months. Shobhit Mehrotra and Rakesh Vyas will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). Hence, the scheme will allocate 0 to 100 per cent of asset in Debt Instruments, Money Market Instrument and Government Securities for plans having tenure from 15 days to 400 Days,70 to 100 per cent of assets in Debt Instruments and Government Securities and 0 to 30 per cent of asset in Money Market Instruments for plans having tenure from 401 Days to 36 months and 80 to 100 per cent of asset in Debt Instruments and Government Securities and 0 to 20 per cent of asset in Money Market Instruments for plans having tenure above 36 months to 66 months.
