HDFC Mutual Fund is launching the second series in its closed-end Fixed Investment Plan on August 20, 2001. The initial offer closes on August 27, 2001. There are two plans available - HDFC FIP August 2001 (1) and HDFC FIP August 2001 (2). Plan 1 matures on November 26, 2001 and Plan 2 matures on February 26, 2002. There is a minimum investment of Rs 1 crore and in multiples of Rs 10,00000 thereafter. It is a no-load fund but an exit load of 1% will be charged if the redemptions are made before the maturity date.
