HDFC Mutual Fund has launched the New Fund Offer (NFO) of HDFC FMP 366D May 2014 (1), a close ended income scheme. The NFO opens for subscription on May 15, 2014 and closes on May 19, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re.1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund managers are Shobhit Mehrotra and Rakesh Vyas.
The investment objective of 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).
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