HDFC Mutual Fund has announced the NFO, HDFC Fixed Maturity Plans -Series XXI- 370D May 2012 (1) a close ended income scheme.
The NFO opens for subscription on May 4, 2012 and closes on May 8, 2012. No entry and exit load charges is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs.5000 and in multiples of Rs.10 thereafter.
The fund managers for the scheme will be Bharat Pareek. The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan.
