HDFC Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch a close ended income scheme- HDFC Fixed Maturity Plans - Series XI. The new fund offer (NFO) price for the scheme is Rs 10 per unit.
The scheme''s primary investment objective is to seek to generate regular income through investments in debt / money market instruments and government securities.
The scheme offers regular plan as well as wholesale plan which will have growth and dividend option.
The scheme will invest 60% to 100% in debt and money market instruments (including securitised debt) while up to 40% in government securities.
The scheme will not charge any entry load. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor''s assessment of various factors including service rendered by the ARN Holder. However, the exit load charge will be nil.
The scheme''s primary investment objective is to seek to generate regular income through investments in debt / money market instruments and government securities.
The scheme offers regular plan as well as wholesale plan which will have growth and dividend option.
The scheme will invest 60% to 100% in debt and money market instruments (including securitised debt) while up to 40% in government securities.
The scheme will not charge any entry load. The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor''s assessment of various factors including service rendered by the ARN Holder. However, the exit load charge will be nil.
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