HSBC MF launches HFTS 67

22 Oct 2008 | 10:25




HSBC MF launches HFTS 67


HSBC Mutual Fund has announced that the launch of HSBC Fixed Term
Series 67, a close-ended income fund on 23 October 2008. The initial
offering period will close on 15 November 2008. The face value of the
new fund is Rs 10 per unit.

The
investment objective of the plan is to seek generation of returns by
investing in a portfolio of fixed income instruments normally maturing
in line with the time profile of the plan.

The scheme offers two options under viz. regular and institutional with dividend reinvestment and growth sub-option.

The minimum investment amount under the regular option is Rs 10,000 and under institutional plan is Rs 1 crore.

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