HDFC-FMP 370D July 2011:

HDFC mutual fund have announced launch of 370 Days fixed maturity plan.

Date of Opening:July 07, 2011

Date of closing: July 11,2011

Date of allotment:July 13, 2011

Date of maturity:  July 16,2011.

Min. investment : Rs. 5000/-

Why to invest:

1.High interest rate scenario so possible returns generated may be high.(Please note as per SEBI regulations it is not possible to disclose the indicative returns.)

2.Indexation benefits: Investors get indexation benefits.They are benefited by inflation adjusted taxation rules.

3.Diversification: This is a fixed income product and offer diversification into fixed income cateogary.Also liquidity is possible from dividends and through national stock exchange.

4.As it is a fixed period scheme,money will be  directly credited in investors accounts on maturity. There are no hassles of redemption proceeds.

 

So conservative investor with high tax brackets and want to lock in their money for just more than a year can think to invest in this Fixed maturity plan.