MUTUAL FUNDS
HDFC Mutual Fund introduces FMP 1211D December 2018(1)
Dec-18-2018

HDFC Mutual Fund has launched the HDFC FMP 1211D December 2018(1), a close ended income scheme. The NFO opens and closes for subscription on December 18, 2018. No entry load and exit load for the scheme. The minimum subscription amount is Rs 5000 and in multiple of Rs 10 thereafter.

The scheme’s performance for plans having maturity upto 91 Days will be benchmarked against Crisil Liquid Fund Index, for plans having maturity more than 91 Days and upto 36 months will be benchmarked against Crisil Short Term Bond Fund Index, and for plans having maturity more than 36 months will be benchmarked against Crisil Composite Bond Fund Index and its fund managers are Anil Bamboli and Rakesh Vyas.

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 Plan(s).

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