HDFC MF introduces FMP- Sr 47- 1204D Dec 2022
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HDFC Mutual Fund (MF) has launched HDFC Fixed Maturity Plans (FMP) -Series 47- 1204D December 2022, a Close Ended Income Scheme with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on December 16, 2022 and closes on December 26, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiple of Rs 10 thereafter.
The performance of the Scheme would be benchmarked against NIFTY Medium Duration Debt Index and its fund manager is Vikash Agarwal.
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).
