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HDFC FMP 1118D March 2019 (1) Floats On
(11:41, 15 Mar 2019)
HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1118D March 2019 (1), a plan under HDFC Fixed Maturity Plans - Series 44 (a close ended income scheme). The tenure of the scheme is 1118 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 18 March 2019 to 27 March 2019.

The investment objective of the plan 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 plans.

The scheme offers growth option, dividend option and quarterly dividend option.

The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in money market instruments with low risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry and exit load charge will be not applicable for the plan.

Benchmark Index for the plan is CRISIL Composite Bond Fund Index.

The fund manager of the scheme is Shobhit Mehrotra.

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