MUTUAL FUNDS
HDFC Mutual Fund introduces FMP 1261D October 2018(1)
Oct-22-2018

HDFC Mutual Fund has launched the HDFC FMP 1261D October 2018(1), a close ended income scheme. The NFO opens for subscription on October 22, 2018 and closes on October 24, 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 upto 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 Anil Bamboli 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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