Sep 15, 2008

HDFC MF extends NFO period for 181 days FMP

02 Sep 2008 | 10:44




HDFC MF extends NFO period for 181 days FMP


HDFC mutual fund has extended the closing date of new fund-offering
(NFO) period of HDFC Fixed Maturity Plans-VIII-181 Days August (1) from
4 September to 5 September 2008. The issue was opened for subscription
on 29 August 2008.

HDFC
Fixed Maturity Plans- VIII-181 Days August (1) is a close-ended income
scheme. The NFO price for the fund is Rs 10 per unit. Under retail
Plan, the minimum application amount will be Rs. 5,000 and in multiples
of Re. 1 thereafter. Under wholesale Plan, the minimum investment
amount is Rs. 1 crore and in multiples of Re. 1 thereafter.

The
investment objective of the fund is to generate regular income through
investments in debt, money market instruments, and government
securities.

HDFC Fixed Maturity Plan -181 Days August 2008 (1)
will not ask for an entry load due to its close-ended structure while
it would charge an exit load of 0.75% if the units are redeemed or
switched out before maturity. And no exit will be asked for redemption
on maturity.

The scheme will invest up 60-100% in debt and money
market instruments, with low to medium risk profile and remaining
investment in government securities with low risk profile.

The benchmark Index for the scheme would be Crisil Liquid Fund Index. The fund manager for the scheme is Mr. Shobhit Mehrotra.


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