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HDFC Mutual Fund launches HDFC Ultra Short Term Fund

by News Team | Mutual Fund

NFO period: 18th September - 24th September, 2018

Highlights of the NFO:

  • Scheme type - An open ended ultra-short term debt scheme investing in instruments such that the Macaulay Duration^ of the portfolio is between 3 months and 6 months

  • Investment objective - To generate income / capital appreciation through investment in debt securities and money market instruments. There is no assurance that the investment objective of the Scheme will be realized.

  • Product suitability - The product is suitable for investors who are seeking income over short term income/capital appreciation through by investing in debt securities and money market instruments.

  • Minimum Application Amount - First investment is Rs. 5,000/- and in multiple of Rs. 10/- thereafter

  • Plan/ Options available - Regular Plan and Direct Plan having Growth Option and Dividend Option.

  • Fund Managers - Mr. Anil Bamboli and Mr. Rakesh Vyas

  • Benchmark - CRISIL Ultra Short Term Debt Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)