HDFC MF launches “HDFC FMP 371D, NFO opens on August 23 and closes on August 28, Maturity time of 371 days

HDFC MF launches “HDFC FMP 371D, NFO opens on August 23 and closes on August 28, Maturity time of 371 days

HDFC Mutual Fund launched a new close ended income scheme named “HDFC FMP 371D July 2012 (3),” with maturity time of 371 days.

The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription on July 20 and will close on July 31, 2012.

The minimum application amount was Rs 5, 000 and in multiple of Rs 10 thereafter. The two options were available under the Plan of the Scheme viz. Growth and Dividend option only.

The performance of the scheme will be standardized against Crisil Short Term Bond Fund Index and Bharat Pareek will be the Fund Manager of the scheme.