HDFC Mutual Fund introduces FMP 370D April 2014 (2)

HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 370D April 2014 (2), a close ended income scheme. The NFO opens for subscription on Apr 15, 2014 and closes on the same day. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 10 thereafter. The scheme’s performance for plans having maturity upto 91 Days will be benchmarked against Crisil Liquid Fund Index, for plans having maturity more than 91 Days and upto 36 months- Crisil Short Term Bond Fund Index and for Plans having maturity more than 36 months will be benchmarked against Crisil Composite Bond Fund Index and its fund manager is Shobhit Mehrotra, while Rakesh Vyas will be Dedicated Fund Manager for Overseas Investments. The investment objective of the Plans 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).