HDFC Mutual Fund launches 370 days fixed maturity plan
Moneylife Digital Team 17 March 2011

HDFC Mutual Fund new issue closes on 23rd March

HDFC Mutual Fund has launched HDFC FMP 370D March 2011 (4), a close-ended income scheme.

The investment objective of the plan(s) under 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). The duration of the scheme is 370 days.

The new issue closes on 23rd March. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Shobhit Mehrotra and Miten Lathia (for overseas investments) are the fund managers.

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