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HDFC Mutual Funds FMP 1381D September 2018 (1) NFO Opens

HDFC Mutual Funds FMP 1381D September 2018 (1) NFO has opened for subscription from September 14, 2018, and will close on September 18, 2018.

The HDFC FMP 1381D September 2018 (1), a scheme under HDFC Fixed Maturity Plans – Series 42, has a maturity period of 1381 days from the date of allocation of units.

The investment aim of the FMP scheme is to produce income by investing in debt or money market securities and government instruments maturing on or before the maturity date of the scheme.

The Fixed Maturity Plan offers both Regular and Direct Plans with Growth option, Dividend option and Quarterly Dividend option.

The Fixed Maturity Plan will invest 80 percent to 100 percent of its assets in debt securities and government instruments with a medium-risk profile. The scheme will further invest up to 20 percent of its assets in money market securities with a low-risk profile.

The minimum application amount of the HDFC Mutual Funds FMP 1381D September 2018 (1) scheme is 5000 Rupees and in multiples of 10 Rupees thereafter. The face value of the close-ended income scheme is 10 Rupees per unit. The entry load and exit load charges are not applicable for the FMP.

The close-ended income scheme is benchmarked against CRISIL Composite Bond Fund Index. Anupam Joshi has been appointed as the fund manager of the scheme.

The scheme will be open for subscription till September 18, 2018, reported KJMC. The FMP aims to collect a minimum target or subscription amount of 20 crore Rupees under the scheme during the NFO period.

HDFC Mutual Funds FMP 1381D September 2018 (1) scheme is suitable for investors who are seeking regular income over 1381 days, and for investors who want to make an investment in debt and money market securities and government instruments, according to scheme information available in the official website of HDFC AMC. The Units of the scheme will be listed on the Capital Market Segment of the NSE and BSE.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Bindhu Mol. G loves writing news articles. She excels in SEO articles, technical articles and academic articles. She covers commodities and mutual fund news for OWLT Market.

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