HDFC FMP 370D March 2011 (2) : New Fund Offer (NFO)

by khalid on 05/03/2011 · 0 comments

HDFC Mutual Fund has launched a New Fund Offer (NFO) named as HDFC FMP 370D March 2011 (2). This is a close ended income fund for 370 days. The investment objective of the Plans under the Scheme is 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). HDFC Mutual Fund is one of the largest mutual funds and well-established fund house in the country.

The plans shall offer two options – growth and dividend option. Dividend option offers payout facility only.

The plans would invest 60% to 100% of assets in debt & money market instruments including securitized debt. The scheme may invest up to 40% of net assets in government securities.

Entry load charge will not be applicable for the scheme. Exit load too is nill.

Mr. Anil Bamboli and Mr. Anand Laddha will jointly manage the fund.

Fund NameHDFC Mutual Fund
Scheme Name HDFC FMP 370D March 2011 (2)
Scheme CategoryClose Ended (Income)
NFO Launch Date4th Mar 2011
NFO Closure Date8th Mar 2011
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000 and multiples of Rs 10

For Further Details Please Visit Website : www.hdfcfund.com

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