HDFC Mutual Fund has launched the NFO of HDFC FMP 90D June 2012 (1), a close ended income scheme.
The NFO opens for subscription on June 4, 2012 and closes on June 6, 2012. No entry load or exit load is applicable for the scheme. The minimum subscription amount is Rs. 5000.
The scheme’s performance will be benchmarked against CRISIL Liquid Fund Index and its fund manager is Bharat Pareek.
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 Plans.
Source: Accord Fintech
