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HDFC Asset Management Co. Ltd. (HDFC AMC), investment manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses, is pleased to announce the launch of a unique scheme, the HDFC Charity Fund for Cancer Cure (“The Scheme”). This Fixed Maturity Plan (FMP) (close ended income scheme with tenure 1,196 Days) is launched in collaboration with Indian Cancer Society (ICS). The Scheme enables investors to contribute towards a social cause while combining their investments with philanthropy by donating income generated through IDCW option) to ICS for the treatment of underprivileged cancer patients. The initiative aims to create a positive impact and a hope for better future for cancer victims with limited means. The captioned NFO opens on July 28, 2023, and closes on August 08, 2023.

The Scheme enables investors in the HDFC Charity Fund for Cancer Cure to have the flexibility to choose either a 50% or 75% contribution of Income Distribution cum Capital Withdrawal (IDCW) to be donated to the ICS. HDFC AMC will match donations with an equal amount directly contributed to ICS (subject to limit of Rs 16 crore per financial year). As a testament to its commitment, HDFC AMC has waived all investment management and advisory fees for this scheme, ensuring that the maximum benefit goes towards supporting cancer patients in need.

This NFO is the 4^th edition of the cancer cure series. Since its initial launch in 2011, the collective contribution from the series, including direct contribution from HDFC AMC, is nearly ? 190 crore, making a big impact to thousands of lives.

Commenting on the launch, Mr. Navneet Munot, Managing Director and Chief Executive Officer, HDFC Asset Management Company Limited said, “As we launch this series of HDFC Charity Fund for Cancer Cure, we embrace a unique approach that combines the power of investment with compassion-driven giving. The Scheme enables investors to donate part of the income generated to the Indian Cancer Society to support the treatment of underprivileged cancer patients. The noble mission is to make a meaningful impact on the lives of those fighting this formidable battle. Together, as we invest in both financial growth and human well-being, we can create a future where hope and healing become accessible to all."

Mrs. Usha Thorat, Hon. Secretary and Managing Trustee of the Indian Cancer Society added, “We are grateful to HDFC Mutual Fund for their philanthropic initiative in launching the HDFC Charity Fund for Cancer Cure. This scheme, a part of the series of Cancer Cure Funds, is making a significant difference in the lives of underprivileged cancer patients, empowering them with access to vital treatment and care. Through these initiatives, HDFC Mutual Fund is demonstrating its unwavering commitment to creating a positive social impact and fostering a better future for those affected by cancer.”

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