HDFC NFO (New Fund Offer): HDFC Fixed Maturity Plans – Series 43
HDFC NFO (New Fund Offer) named “HDFC Fixed Maturity Plans-Series 43” is being offered from 07-Dec-2018 to 11-Dec-2018. According to HDFC Mutual Fund, this product is suitable for investors who are seeking:-
- Regular income over 1218 days (tenure of the Plan), and
- Investment in debt and money market instruments and government securities.
About HDFC NFO offer
|Name of the Scheme||HDFC Fixed Maturity Plans-Series 43|
|Fund House||HDFC Mutual Fund|
|Scheme Type||Close Ended (1218 Days Tenure)|
|Plans||Direct, Regular, Both have Growth and Dividend options.|
|NFO Unit Price||Rs 10 per unit|
|Minimum Investment||Rs 5000|
|Exit Load||No – The Units under the respective Plan(s) cannot be directly redeemed with the Fund as the Units are listed on the stock exchange(s).|
|Investment Manager||HDFC Asset Management Company Limited|
Investment Objectives of the Schemes
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). There is no assurance that the investment objective of the Scheme will be realized.
Proposed Asset Allocation
According to the fund house, the corpus of the respective Plan(s) under the Scheme shall be invested in accordance with the investment objective in any (but not exclusively) of the following securities:
- Debt Instruments: Including NCDs, Bonds, Secured Premium Notes etc.
- Money Markets: Including Commercial papers, Commercial bills, Treasury bills, Government securities etc.
About HDFC Mutual Fund
HDFC Mutual Funs is one of India’s largest mutual funds and well-known fund houses. It launched its first scheme in the year 2000 and since it has been delivering a continuous fund performance. This fund house is promoted by the Housing Development and Financial Corporation (HDFC), a well and renowned name in the India financial sector and a major provider of finance for housing in India.
This company is managed by HDFC Asset Management Company Limited which reported its Asset Under Management (AUM) Rs 1.03 trillion as of September 2018.
Registered Office: HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai – 400 020.
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #NFO #Mutual Fund #New Mutual Fund #HDFC NFO #New Fund Offer