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HDFCMF Launches FIP July 2004-2

HDFC Mutual Fund launches a new plan called Fixed Investment Plan July 2004-2, a close-ended income scheme, under the HDFC Fixed Investment Plan (FIP). The objective of the scheme is to generate regular income through investment in debt/money market instruments and Government Securities.

Fund Details:
Initial Issue Opens – July 26, 2004
Initial Issue Closes – July 29, 2004
Minimum Application Amount – Rs 25,000 per application and in multiples of Re1 thereafter
Entry Load – Nil
Exit Load – 0.5 per cent on investments redeemed within 3 months from the date of allotment and 0.25 per cent thereafter.