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HDFC Quarterly Interval Fund Print
Investment Objective | Scheme Information & NAV | Investment Pattern & Strategy | Returns and benchmarks | Fund Manager | Offer Document / Scheme Information Document (SID) | Application Form
Investment Objective
The primary objective of the Scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities.

Basic Scheme Information
Nature of Scheme Open Ended Interval Income Scheme
Inception Date - Plan A March 29, 2007
Inception Date - Plan B April 02, 2007
Inception Date - Plan C May 07, 2007
Option/Plan

Existing Plan : Retail Plan - Growth option, Retail Plan with Dividend options. Dividend Option offers Dividend Payout and Reinvestment facility.

Direct Plan (w.e.f. 01 Jan 2013) : Retail Plan - Growth option, Retail Plan with Dividend options. Dividend Option offers Dividend Payout and Reinvestment facility.

Entry Load
(For Lumpsum Purchases and investments through SIP/STP)		 Unfront commission shall be paid directly by the investor to the ARN Holder (AMFI registered Distributor) based on the investors' assessment of various factors including the service rendered by the ARN Holder.
Exit Load During the Specified Transaction Period: Nill.
Other than Specified Transaction Period: Not Applicable. The Units under the respective Plan(s) cannot be directly redeemed with the Funds as the Units are listed on the stock exchange(s). These units can be sold on a continuous basis on the stock exchange(s) where the units are listed during the trading hours on all trading days.
Listing The Units of the Plan(s) under the Scheme will be listed on the Capital Market Segment of the National Stock Exchange of India Ltd. (NSE) or such other recognized stock exchange(s). An investor can buy/sell Units on a continuous basis on the NSE on which the Units are listed during the trading hours like any other publicity trade stock, except during the temporary suspension period.
Minimum Application Amount

 (Retail Plan): Rs.5000 and any amount thereafter.
Effective 01st October 2012, fresh subscriptions / switch-in have been discontinued under the wholesale option.
Lock-In-Period Nil
Net Asset Value Periodicity Every Business Day.
Redemption Proceeds Normally dispatched within 3-4 Business days
Tax Benefits
(As per present Laws)		 Please click for details
Current Expense Ratio (#)
(Effective Date 3rd October 2012) For Plan A
0.22%
(Effective Date 3rd October 2012) For Plan B
0.22%
(Effective Date 3rd October 2012) For Plan C
0.22%

 

Excluding Service Tax on Investment Management Fees, if any. 

Direct Plan shall have a lower expense ratio by 0.05% for Plan A, B and C.

(#) Any change in the expense ratio will be updated within two working days.

 

Plan Name NAV Date NAV Amount
Plan A Retail Plan - Dividend Option19 May 2013 -
Plan A Retail Plan - Growth option19 May 2013 -
Plan B Retail Plan - Dividend Option19 May 2013 -
Plan B Retail Plan - Growth option19 May 2013 -
Plan C Wholesale Plan - Growth option19 May 2013 -
Plan C Retail Plan - Dividend Option19 May 2013 -
Plan C Retail Plan - Growth option19 May 2013 -
Plan A Wholesale Plan - Dividend Option19 May 2013 -
Plan A Wholesale Plan - Growth option19 May 2013 -
Plan B Wholesale Plan - Dividend Option19 May 2013 -
Plan B Wholesale Plan - Growth option19 May 2013 -
Plan C Wholesale Plan - Dividend Option19 May 2013 -
Plan A Retail Plan Direct Plan - Dividend Option19 May 2013 -
Plan A Retail Plan Direct Plan - Growth Option19 May 2013 -
Plan B Retail Plan Direct Plan - Dividend Option19 May 2013 -
Plan B Retail Plan Direct Plan - Growth Option19 May 2013 -
Plan C Retail Plan Direct Plan - Dividend Option19 May 2013 -
Plan C Retail Plan Direct Plan - Growth Option19 May 2013 -
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Investment Pattern
The asset allocation under the Scheme will be as follows :
Sr.No. Type of Instruments Minimum Allocation
(% Of Net Assets)		 Maximum Allocation
(% Of Net Assets)		 Risk Profile of
the Instrument
1 Debt and Money Market Instruments (including securitised debt) 60% 100% Low to Medium
2 Government Securities 0% 40% Low

The Scheme will invest in securitised debt upto 75% of net assets. The Scheme may take derivative position (maximum 20% of the net assets of the respective Plans), for Hedging and Portfolio Balancing, based on opportunities available subject to SEBI Regulations.The Scheme may seek investment opportunity in Foreign Debt Securities (maximum 75% of Net Assets) in accordance with the guidelines stipulated in this regard by SEBI and RBI from time to time.
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Investment Strategy

The net assets of the Plans will be invested in Debt, Money market instruments and Government Securities which mature on or before the opening of the immediately following Specified Transaction Period. However, in case of securities with put and call options the residual time for exercising the put option of the securities shall not be beyond the opening of the immediately following Specified Transaction Period.

Though every endeavor will be made to achieve the objectives of the Scheme, the AMC/Sponsors/Trustees do not guarantee that the investment objectives of the Scheme will be achieved. No guaranteed returns are being offered under the Scheme.

Risk Control
Investments made from the corpus of the Plans would be in accordance with the investment objective of the Scheme and the provisions of the SEBI (MF) Regulations. The AMC will strive to achieve the investment objective by way of a judicious portfolio mix comprising of debt, money market instruments and government securities. Every investment opportunity would be assessed with regard to credit risk, interest rate risk and liquidity risk.

Credit Risk
A detailed credit evaluation of each investment opportunity will be undertaken. The AMC will utilise ratings of recognised rating agencies as an input in the decision making process. Investments in bonds and debentures will usually be in instruments that have been assigned high investment grade ratings by a recognised rating agency. In line with SEBI Circular No. MFD/CIR/9/120/2000 dated November 24, 2000, the AMC may constitute committee(s) to approve proposals for investments in unrated instruments. The AMC Board and the Trustee shall approve the detailed parameters for such investments. The details of such investments would be communicated by the AMC to the Trustee in their periodical reports. It would also be clearly mentioned in the reports, how the parameters have been complied with. However, in case any security does not fall under the parameters,the prior approval of Board of AMC and Trustee shall be sought.

Interest Rate Risk
An interest rate scenario analysis would be performed on an on-going basis, considering the impact of the developments on the macro-economic front and the demand and supply of funds. The Scheme would keep the maturity of its debt assets within the next specified transaction period. This would limit the market risk of the portfolio.

Liquidity Risk
Since investors can subscribe/ redeem/ Switch units of the Plan(s) under the Scheme only during the Specified Transaction Period (STP) and the assets would also mature on or before the STP, the liquidity risk would be minimised.
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Fund Manager
Mr. Anil Bamboli (since July 25, 2012)
Mr. Rakesh Vyas - Dedicated Fund Manager - Foreign Securities
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