HDFC MF launches Capital Protection Fund - Series I - 36M
HDFC Mutual Fund has launched HDFC Capital Protection Oriented Fund- Series I – 36M August 2013, a close ended capital protection oriented scheme with the duration of 36 months from the date of allotment.
August 21, 2013 / 18:07 IST
HDFC Mutual Fund has launched a new scheme as HDFC Capital Protection Oriented Fund- Series I - 36M August 2013, a close ended capital protection oriented scheme with the duration of 36 months from the date of allotment.
The New Fund Offer (NFO) will be open for subscription from August 16, to August 30, 2013. The face value of the new fund offer will be Rs 10 per unit.The investment objective of the plan is to generate returns 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. The scheme offer two options - regular and direct option. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The scheme would invest 75% to 100% of assets in debt securities and invest upto 25% in equity and equity related instruments (including equity derivatives) with high risk profile. Entry and exit load charge will be nil. Benchmark Index for the scheme is CRISIL MIP Blended Index. The fund manager of the scheme will be Anil Bamboli. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
