HDFC MF introduces Long Duration Debt Fund
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HDFC Mutual Fund (MF) has launched HDFC Long Duration Debt Fund, an open-ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than 7 years, A Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on January 06, 2023 and closes on January 17, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 100 and any amount thereafter.
The performance of the scheme will be benchmarked against Nifty Long Duration Debt Index - A - III and its fund managers are Shobhit Mehrotra and Priya Ranjan.
The investment objective of the scheme is to generate income / capital appreciation through investments in debt and money market instruments.
