MUTUAL FUNDS
HDFC MF introduces FMP 1175D January 2019(1)
Jan-17-2019

HDFC Mutual Fund (MF) launched the HDFC FMP 1175D January 2019(1), a close ended income scheme. The NFO opens for subscription on January 17, 2019 and closes on January 22, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiple of Rs 10 thereafter.

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 Amar Kalkundrikar.

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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