HDFC Mutual Fund has announced the New Fund Offer (NFO) HDFC FMP 370D May 2012 (3), a close ended income scheme.
The NFO opens for subscription on May 23, 2012 and closes on May 29, 2012. Entry and exit load charge is not applicable for the scheme. The duration of the scheme will be 370 days from the date of allotment. 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 multiple of Rs 10 thereafter.
The investment objective of the scheme is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plans.
