HDFC MF introduces FMP - Sr 47 -1269D March 2023
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HDFC Mutual Fund (MF) has launched HDFC Fixed Maturity Plans (FMP) -Series 47-1269D March 2023, a Close Ended Income Scheme with Tenure 1269 Days, A Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on March 14, 2023 and closes on March 20, 2023. 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 will 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).
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