HDFC MF Launches 19 Months Plan

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Updated: 04/11/2009 | 12:00 AM IST

Mutual fund

Capital Market

Wednesday, November 04, 2009 (New Delhi)

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HDFC Mutual Fund has announced the launch of a new fund named as HDFC FMP 19M November 2009, fixed maturity plan under HDFC Fixed Maturity Plans - Series XI, a close-ended income scheme. The face value of the new issue will be Rs. 10 per unit. The new issue will be open for subscription on 6 November 2009 and close subscription on 16 November 2009.

The investment objective of the plans under the scheme is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the respective plan(s).

Maturity date of the scheme would be 19 months from the date of allotment of units of the scheme.

The fund would invest 60% to 100% of assets in debt & money market instruments including securitized debt. Investments in securitized debt would be upto 75% of the net assets of the plan. The scheme may invest upto 40% of the scheme's net assets in government securities.

The entry and exit load charge will not be applicable for the scheme.

The units of the scheme will be listed on the National Stock Exchange.

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