HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 373D August 2012 (1), a close ended income scheme.
The NFO opens for subscription on August 8, 2012 and closes on August 10, 2012. No entry load or exit load will be applicable for the scheme.
The minimum subscription amount is Rs. 5000.
The scheme’s performance will be benchmarked against Crisil Short Term Bond Fund Index and its fund manager is Bharat Pareek.
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 plans.