 "HDFC MF launches Capital Protection Oriented Fund-Series I")
HDFC Mutual Fund has launched HDFC Capital Protection Oriented Fund-Series I, a close-ended capital protection oriented income scheme.
The objective of the scheme is to generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of the scheme. The scheme also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation.
The portfolio of the scheme will be structured in a manner that the debt allocation of the portfolio will lead to orientation towards protection of capital at the time of maturity and equity allocation of the portfolio will provide upside over the face value.
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The scheme offers Regular Option and Direct Option. Each option offers Growth option and Dividend option with Payout facility.
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The performance of the HDFC Capital Protection Oriented Fund – Series I would be benchmarked against CRISIL MIP Blended Index, said the press release issued by HDFC MF.
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Anil Bamboli (debt portfolio) and Vinay Kulkarni (equity portfolio) will be the Fund Managers for HDFC Capital Protection Oriented Fund - Series I.