HDFC Mutual Fund has launched a new open ended income scheme, HDFC Medium Term Opportunities Fund. The new fund offer will be available from 25th June, 2010 to 28th June, 2010. The minimum investment amount of the scheme is Rs 5,000. The investment objective is to generate regular income through investments in debt, money market instruments and government securities with maturities not exceeding 60 months. The scheme would allocate 60 per cent to 100 per cent of assets in debt and money market instruments. It would further allocate up to 40 per cent of assets in government securities. The scheme will charge an exit load charge of 0.50 per cent, if investment redeemed within 3 months from the date of investment. The scheme will be managed by Mr. Shobhit Mehrotra and Mr. Anand Laddha and will be benchmark against CRISIL Composite Bond Fund Index.
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