HDFC Mutual Fund files offer document for Dual Advantage Fund-Series II

HDFC Mutual Fund has filed offer document with SEBI to launch a close-ended income scheme named as “HDFC Dual Advantage Fund-Series II”.

HDFC Mutual Fund has filed offer document with SEBI to launch a close-ended income scheme named as “HDFC Dual Advantage Fund-Series II”. The New Fund Offer price is Rs. 10 per unit. Entry load and exit load will be Nil for the scheme. The scheme offers growth and Dividend option and seeks to collect a Minimum Target Amount of Rs. 20 crores.

The scheme will be benchmarked against CRISIL Debt Hybrid 75+25 Fund Index for Plan(s) having tenure up to 42 months and CRISIL Debt Hybrid 60+40 Fund Index for Plan(s) having tenure greater than 42 months to 66 months. The minimum application amount is Rs 5,000 and in multiple of Rs. 10 thereafter.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of the Scheme. The scheme also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation.