HDFC Mutual Fund has announced the NFO - HDFC FMP 90 D June 2012 (1) - Series 22, a close ended income scheme.
The investment objective of the plans 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.
The NFO opens for subscription on Jun 4, 2012 and closes on Jun 6, 2012. No entry and exit load charge is applicable for the scheme. The duration of the scheme will be 90 days from the date of allotment. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Liquid Fund Index. The minimum application amount is Rs 5000 and in multiple of Rs 10 thereafter. The fund manager of the scheme will be Bharat Pareek.
Source – Accord Fintech
