HDFC Mutual Fund has announced the NFO HDFC FMP 1120D June 2012 (1), a plan under HDFC Fixed Maturity Plans - Series XX, a close ended income scheme.
The NFO opens for subscription on June 11, 2012 and closes on June 19, 2012. No entry and exit load charge is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Composite Bond Fund Index. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The scheme will be managed 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.
Source: Accord Fintech
