HDFC Mutual Fund launches HDFC CPO - I - 36M August 2013, a Plan under HDFC Capital Protection Oriented Fund - Series I

(Close-ended Capital Protection Oriented Income Scheme) - The scheme would be open for initial subscription between August 16, 2013 and August 30, 2013 - The scheme is focused towards protection of capital - Scheme Rating - [ICRA]AAAmfs(SO) by ICRA

Mumbai, Maharashtra, August 13, 2013 /India PRwire/ -- HDFC Mutual Fund, India's largest* fund house in the country, announced the launch of HDFC CPO - I - 36M August 2013, a Plan under HDFC Capital Protection Oriented Fund - Series I, a close-ended capital protection oriented income scheme.

The objective of the scheme, HDFC Capital Protection Oriented Fund - Series I 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.

The Scheme offers Regular Option and Direct Option. Each Option offers Growth option and Dividend option with Payout facility.

The performance of the HDFC Capital Protection Oriented Fund - Series I would be benchmarked against CRISIL MIP Blended Index.

Mr. Anil Bamboli (debt portfolio) & Mr. Vinay Kulkarni (equity portfolio) will be the Fund Managers for HDFC Capital Protection Oriented Fund - Series I. Both the fund managers managing large portfolios are associated with HDFC Mutual Fund for several years.


Notes to Editor

About HDFC Asset Management Company Ltd:

HDFC Asset Management Company Limited (AMC) was incorporated under the Companies Act, 1956, on December 10, 1999 and was approved to act as an Asset Management Company for the Mutual Fund by SEBI vide its letter dated July 3, 2000.

HDFC Mutual Fund is the largest mutual fund* and a well-established fund house in the country offering a bouquet of products in equities, fixed income and gold. The average Assets Under Management (AAUM) for the quarter ended June 30, 2013 stood at Rs 1,04,976 crores.Bifurcation of the AUM into debt/equity/ balanced etc. and percentage of AUM by geography are available on www.hdfcfund.com

* based on AAUM for the quarter ended June 2013. (Source: AMFI)

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