HDFC Mutual Fund Fixed Maturity Plan 1104D

HDFC Mutual Fund Fixed Maturity Plan 1104D 

HDFC Mutual Fund (MF)  has launched a new plan named as HDFC Fixed Maturity Plan 1104D April 2016 (1), a plan under HDFC Fixed Maturity Plans - Series 36 (a close-ended income scheme). The tenure of the scheme is 1104 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 13 April to 20 April 2016.

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.

The plan shall offer three options - growth, dividend and flexi option.

The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in money market instruments with low risk profile.

The minimum application amount is Rs.5,000 


Entry and exit load charge will be not applicable for the plan.

Benchmark Index for the plan is CRISIL Composite Bond Fund Index.

The fund managers of the scheme are Anil Bamboli & Rakesh Vyas (Dedicated fund manager for overseas investments).

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