HDFC Monthly Income Plan
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| Summary Info |
| Type |
Open Ended
|
| Nature |
MIP
|
| Price |
Rs 10
|
| Min. subscription |
|
| Growth/Half-Yearly |
Rs 5,000
|
| Monthly/Quarterly |
Rs 25,000
|
|
| Sponsor |
HDFC and Standard Life Investment Ltd.
|
| Scheme opens |
Nov 17, 2003
|
| Scheme closes |
Dec 8, 2003
| Subsequent invest. |
in multiples of Rs 100
|
|
|
| Investment Objective |
|
Primary Objective: To generate regular returns through investment primarily in debt/money market instruments. |
|
Secondary Objective:To generate long-term capital appreciation by investing a portion of assets in equity/equity-related. |
| Instruments |
Allocation
(Long Term) |
Allocation
(Short Term) |
| Debt & Money Markets |
upto 75% |
upto 85% |
| Equity & Equity Related |
upto 25% |
upto 15% |
| Scheme Load |
| Entry load: Nil during the initial offer |
| Scheme Sponsor |
| HDFC
HDFC is a premier Housing Finance Company in India. The company has a total asset size of Rs. 28,860 crore as at September 30, 2003 and cumulative approvals and disbursements of housing loans of Rs. 58,739 crore and Rs. 48,991 crore respectively as at September 30, 2003. |
| |
| Standard Life Investment
Standard Life Investments Limited is the dedicated investment management company of the Standard Life Group and is owned 100% by The Standard Life Assurance Company. With global assets under management of approximately US$126 billion as at May 15, 2003, Standard Life Investments Limited is one of the world's major investment companies and is responsible for investing money on behalf of five million retail and institutional clients worldwide. |
Download HDFC MIP application form
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