Mutual Funds News- HDFC MF files offer document

HDFC MF files offer document

HDFC MF plans to launch HDFC FMPs - Series VIII. HDFC Mutual Fund has filed an offer document for HDFC Fixed Maturity Plans - Series VIII. It's a closed ended income scheme with no assured returns. The new fund offer (NFO) price for the scheme is Rs. 10 per unit. A closed ended income scheme offering a series of plans of various maturities - up to 370 days from the date of allotment.

HDFC Fixed Maturity Plans - Series VIII is a closed ended income scheme comprising there under several investment plans. Each HDFC Fixed Maturity Plan offers: Dividend Option under 90 Days Plans and 181 Days Plans offers Normal Dividend Option and Dividend Option under 370 Days Plans offers Quarterly Dividend Option and Normal Dividend Option. Quarterly Dividend Option and Normal Dividend Option offers Dividend Payout facility only. Each HDFC Fixed Maturity Plan will be managed as a separate portfolio having common portfolio for both Retail and Wholesale Plans.

Each HDFC Fixed Maturity Plan will be managed as a separate portfolio having common portfolio for both Retail and Wholesale Plans.

The minimum investment amount under retail plan is Rs. 5,000 and in multiple of Re 1 thereafter. The minimum investment amount under wholesale plan is Rs 1 crore and in multiples of Re 1 thereafter.

The investment objective of the Plans under the Scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities. Entry Load: The Scheme, being a close-ended scheme, is not permitted to charge Entry Load.

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