| HDFC Mutual Fund | |
| Scheme Name | HDFC FMP 1344D October 2018(1) |
| Objective of Scheme | The 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). There is no assurance that the investment objective of the Scheme will be realized. |
| Scheme Type | Close Ended |
| Scheme Category | Debt – Income |
| New Fund Launch Date | 11-Oct-2018 |
| New Fund Earliest Closure Date | 23-Oct-2018 |
| New Fund Offer Closure Date | 23-Oct-2018 |
| Indicate Load Separately | NA |
| Minimum Subscription Amount | Rs. 5,000/- |
| For Further Details Please Visit Website | www.hdfcfund.com |
Mutual Funds Based on Asset Class
Debt Fund: These are funds that invest in debt instruments e.g. company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns. These funds do not deduct tax at source so if the earning from the investment is more than Rs. 10,000 then the investor is liable to pay the tax on it himself.
Mutual Funds Based on Structure
Close-Ended Funds: These are funds in which units can be purchased only during the initial offer period. Units can be redeemed at a specified maturity date. To provide for liquidity, these schemes are often listed for trade on a stock exchange. Unlike open ended mutual funds, once the units or stocks are bought, they cannot be sold back to the mutual fund, instead they need to be sold through the stock market at the prevailing price of the shares.
