HDFC Mutual Fund files offer document for Fixed Maturity Plans-Series 32

HDFC Mutual Fund has filed offer document with SEBI to launch a Close Ended Income Scheme named as “HDFC Fixed Maturity Plans - Series 32”. The New Fund Offer price is Rs 10 per unit. Entry and exit load charges will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.The scheme will be benchmarked against for Plans having maturity upto 91 Days: Crisil Liquid Fund Index for Plans having maturity more than 91 Days and upto 36 months: Crisil Short Term Bond Fund Index, for Plans having maturity more than 36 months: Crisil Composite Bond Fund Index. The minimum application amount is Rs. 5,000 and in multiples of Rs.10 thereafter. 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).