HDFC Mutual Fund has launched the HDFC FMP 1218D December 2016 (1), a close ended income scheme. The NFO opens for subscription on December 28, 2016 and closes on January 09, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
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).