HDFC submits offer documents with SEBI

HDFC Mutual Fund has submitted offer document with Securities and Exchange Board of India (SEBI) in order to launch a close ended income scheme- HDFC Fixed Maturity Plan - Series XII.

The new fund offer (NFO) will be priced at Rs 10 per unit. The scheme will comprise of two options retail and wholesale which will further have sub options viz. dividend and growth. Further dividend options offers 24 months plan and 36 months plan that provides quarterly dividend and normal dividend options.

The asset allocation under this scheme: 60-100% will be invested in securitised debt and 0-40% will be invested in government securities.

The investment objective of the scheme would be to seek regular income by investing in debt / money market instruments and government securities maturing on or before the maturity of the scheme.