HDFC Mutual Fund (MF) has launched HDFC FMP-Series 46- 1359D September 2022, a Close Ended Income Scheme with Tenure 1359D Days with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on September 30, 2022 and closes on October 10, 2022. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiple of Rs 10 thereafter.
The performance of the scheme will be benchmarked to the performance of 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).