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HDFC FMP 22M September 2008
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Investment Objective
The investment objective of the Plans under the Scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities.
Basic Scheme Information
| Nature of Scheme |
Close Ended Income Scheme |
| Inception Date |
9-Sep-08 |
| Closing Date |
22-Sep-08 |
| Option/Plan |
Retail Plan - Growth option, Wholesale Plan - Growth option. Wholesale and Retail Plan with Dividend options. Dividend Option offers Quarterly Dividend Option and Normal Dividend Option with Payout facility only. |
Entry Load
(as a % of the Applicable NAV)
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(Direct Applications and Applications routed through any Distributor / Agent / Broker): Nil |
Exit Load
(as a % of the Applicable NAV)
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- In respect of each purchase / switch-in of Units, an Exit Load of 2% is payable if Units are redeemed / switched-out before maturity/ final redemption date.
- No exit load is payable on redemption on maturity/ final redemption date.
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Minimum Application Amount
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(Retail Plan): Rs.5000 and in multiples of Re.1 thereafter.
(Wholesale Plan): Rs. 1 Crore and in multiples of Re. 1 thereafter.
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| 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 |
Current Expense Ratio (#)
(Effective Date 28th June 2010) |
Regular Plan - 2.00%
Wholesale Plan - 2.00%
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| (#) Any change in the expense ratio will be updated within two working days. |
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Plan Name |
NAV Date |
NAV Amount |
| Wholesale Plan - Growth option | 21 May 2013 | - | | Wholesale Plan - Dividend Option | 21 May 2013 | - | | Wholesale Plan - Quarterly Dividend Option | 21 May 2013 | - | | Retail Plan - Growth option | 21 May 2013 | - | | Retail Plan - Dividend Option | 21 May 2013 | - | | Retail Plan - Quarterly Dividend Option | 21 May 2013 | - |
Investment Pattern
The asset allocation under the respective Plans 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 |
It is the intention of the Scheme that the investments in securitised debt will not, normally exceed 75% of the net assets of the Plan. 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 of respective Plans) in accordance with the guidelines stipulated in this regard by SEBI and RBI from time to time.
Investment Strategy
Risk Profile of the Scheme :
Mutual Fund investments are subject to market risks. Please read the offer document carefully for details on risk factors before investment.
Applicable NAV (after the scheme opens for repurchase)
The NAV applicable for redemption or switching out of units will be based on the time of the Business Day on which the application is accepted. Presently, as per SEBI’s directives, the cut off time for acceptance of applications is 3.00 p.m.
Applicable NAV for Purchases including Switch - Ins: Not applicable.
Applicable NAV for Redemptions including Switch - Outs: In respect of valid applications received upto 3.00 p.m. on a Business Day by the Fund, same day's closing NAV shall be applicable. In respect of valid applications received after 3.00 p.m. on a Business Day by the Fund, the closing NAV of the next Business Day shall be applicable.
Fund Manager
Mr. Shobhit Mehrotra
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