HDFC Mutual Fund comes out with Fixed Investment Plan
By Our Markets Bureau | 24 Mar 2003
The
issue, priced at Rs 10 per unit, will open on 24 March
2003 and will close on 27 March 2003. The minimum application
amount is Rs 25,000 per application and in multiples
of Rs 1,000 thereof. The maturity date and the final
redemption date for the Plan is 12 April 2004.
The
primary objective of the scheme is to generate regular
income through investment in debt and money market instruments
and government securities.
The
entire initial issue expenses of the plan will be borne
by HDFC Asset Management Company. The scheme does not
have any entry load, but an exit load of 1 per cent
is applicable on redemptions made
before the maturity date. There will be no exit load
if the investor gives a redemption or switch-out in
favour of any other open-ended schemes of HDFC MF.
.jpg "RBI keeps repo rate unchanged as focus remains on inflation")
.jpg "Indian Oil, Panasonic team up for lithium-ion cell production in India")
