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09-Aug2018

HDFC Mutual Fund introduces FMP 1113D August 2018 (1)

HDFC Mutual Fund has launched the HDFC FMP 1113D August 2018 (1), a close ended income scheme. The NFO opens for subscription on August 09, 2018 and closes on August 13, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.

The scheme's performance for plans having maturity upto 91 Days will be benchmarked against Crisil Liquid Fund Index, for plans having maturity more than 91 Days and up to 36 months will be benchmarked against Crisil Short Term Bond Fund Index and for plans having maturity more than 36 months will be benchmarked against Crisil Composite Bond Fund Index and its fund managers are Anupam Joshi, and Rakesh Vyas.

The investment objective of 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).

 


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