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HDFC FMP 92D May 2012 (1)
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Investment Objective
The investment objective of the Plan(s) under 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).
Basic Scheme Information
| Nature of Scheme |
Close-Ended Income Scheme |
| New Fund Offer Opens On |
May 17, 2012 |
| New Fund Offer Closes On |
May 23, 2012 |
| Option/Plan |
Growth option and Dividend option. Dividend Option offers Normal Dividend Option with Payout facility only. |
Entry Load
(as a % of the Applicable NAV)
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Not Applicable.
- Upfront 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.
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Exit Load
(as a % of the Applicable NAV)
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Not Applicable
- The Units under the Plan cannot be directly redeemed with the Fund as the Units would be listed on National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
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Minimum Application Amount
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 5,000 and in multiples of 10 thereafter. |
| Lock-In-Period |
Nil |
| Net Asset Value Periodicity |
Every Business Day. |
| Redemption Proceeds |
Within 10 working days. |
Tax Benefits
(As per present Laws) |
Please click for details |
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Current Expense Ratio (#)
(Effective Date: 24th May 2012) |
0.15% | (#) Any change in the expense ratio will be updated within two working days.
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Plan Name |
NAV Date |
NAV Amount |
| Dividend Option | 18 Jun 2013 | - | | Growth Option | 18 Jun 2013 | - |
Investment Pattern
| Type of Instruments |
Indicative allocations (% of total assets) |
Risk Profile |
| Minimum |
Maximum |
High / Medium / Low |
| Debt Securities |
70 |
100 |
Medium |
| Money Market Instruments |
0 |
30 |
Low |
| Government Securities |
0 |
40 |
Low |
The respective Plan(s) under the Scheme shall not (i) invest in securitised debt and (ii) undertake repo / reverse repo transactions in Corporate Debt Securities.
The total gross exposure through investment in debt + money market instruments + derivatives (fixed income) shall not exceed 100% of net assets of the Scheme. Security wise hedge positions using derivatives such as Interest Rate Swaps, etc. will not be considered in calculating above exposure.
Investment Strategy
The net assets of the Plan(s) under the Scheme will be invested in Debt, Money market instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). The primary objective of the Plan(s) under 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).
Investors can subscribe (purchase) / redeem (sell) Units on a continuous basis on the NSE / BSE on which the Units are listed during the trading hours like any other publicly traded stock. In view of the nature of the Scheme, there will likely be no turnover in the portfolio (except for change in composition of portfolio of securities made as per the prevailing market conditions) of the Plan(s).
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 Plan(s) 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 Evaluation Policy :
The credit evaluation policy of the AMC entails evaluation of credit fundamentals of each investment opportunity. Some of the factors that are evaluated inter-alia may include outlook on the sector, parentage, quality of management, and overall financial strength of the credit. The AMC utilises ratings of recognised rating agencies as an input in the credit evaluation process. Investments in bonds and debenture are usually in instruments that have been assigned high investment grade ratings by a recognized rating agency.
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 on or before the maturity/ final redemption date of the scheme. This would limit the market risk of the portfolio.
Liquidity Risk :
Since the investors cannot redeem/ Switch units of the Plan(s) under the Scheme directly with the Mutual Fund until the final redemption/ maturity date and the assets would also mature on or before the maturity date, the liquidity risk would be minimized.
Applicable NAV (after the scheme opens for repurchase)
The NAV applicable for purchase or redemption or switching, based on the time of the Business Day on which the application is accepted.
For list of Self Certified Syndicate Banks (SCSBs) and their Designated Branches (DBs) click on the following links below:
SEBI Website - http://www.sebi.gov.in/pmd/scsb.pdf
BSE Website - http://www.bseindia.com/bookbuilding/scsb.asp
NSE Website - http://www.nseindia.com/List of SCSBs (including details Controlling Branch & Designated Branch)
Fund Manager
Mr. Anil Bamboli (since July 25, 2012)
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