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HDFC Mutual Fund launches HDFC Retirement Savings Fund

Mutual Fund

by Advisorkhoj Team | Mutual Fund | 139 Downloaded

NFO period: 05th February – 19th February 2015

Highlights of the NFO:

  • Scheme type – An open ended notified Tax Savings Cum Pension Scheme with no assured returns

  • Investment objective – The investment objective of the Investment Plans offered under the Scheme is to generate a corpus to provide for pension to an investor in the form of income to the extent of the redemption value of their holding after the age of 60 years by investing in a mix of securities comprising of equity, equity related instruments and/or Debt/Money Market Instruments. There is no assurance that the investment objective of the Scheme will be realized.

  • Product suitability –

    • HDFC Retirement Savings Fund – Equity Plan: The product is suitable for investors who are seeking a corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years by investing predominantly in equity and equity related instruments.

    • HDFC Retirement Savings Fund – Hybrid-Equity Plan: The product is suitable for investors who are seeking a corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years by investing predominantly in equity and equity related instruments & balance in debt and money market instruments.

    • HDFC Retirement Savings Fund – Hybrid-Debt Plan: The product is suitable for investors who are seeking a corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years by investing predominantly in debt and money market instruments & balance in equity and equity related instruments.

  • Minimum Application Amount – First investment Rs. 5,000/- and any amount thereafter.

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option.

  • Fund Managers –

    • Mr. Chirag Setalvad (For Equity Portfolio)

    • Mr. Shobhit Mehrotra (For Debt Portfolio)

    • Mr. Rakesh Vyas (Dedicated Fund manager for Overseas Investments)

  • Benchmark –

    • Equity Plan – Nifty 500 Index

    • Hybrid-Equity Plan – CRISIL Balanced Fund Index

    • Hybrid-Debt Plan – CRISIL MIP Blended Index

( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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