HDFC MF launches new FMP
HDFC MF launches new FMP HDFC Mutual Fund (MF) launched HDFC FMP 18M September 2007 plan, under HDFC Fixed Maturity plan- Series VI, a close ended income scheme. The units of the scheme will be available at Rs 10 per unit. The scheme will be open for subscription on Sep. 27, 2007 and close for subscription on Oct. 08, 2007. The investment objective of the plan under the scheme is to generate regular income through investment in debt/ money market instruments and government securities. The scheme will invest 60-100% in debt and money market instruments and 0-40% in government securities. While entry load is nil, exit load of 2% will be levied if units are redeemed before maturity period. Exit load will be nil if units are redeemed on or after maturity period.
