HDFC Mutual Fund (MF) has launched the HDFC FMP 1118D March 2019(1), a close ended income scheme. The NFO opens for subscription on March 18, 2019 and closes on March 27, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 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 Shobhit Mehrotra and Amar Kalkundrikar.
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).