HDFC Arbitrage Fund NFO: New HDFC Equity Fund

September 28, 2007

HDFC (Housing Development Finance Corporation) Arbitrage Fund NFO opens for subscription on September 28 and closes on October 15, 2007.

It’s an open ended equity scheme.

Entry Load - 0%
Exit Load - 0.5% (Exit load of 0.5% is payable if units are redeemed/switched-out within 3 months from the date of allotment)

The Investment Objective of the fund: To generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.

Minimum Application Amount:
Retail Plan:
Growth Option /Quarterly Dividend Option : Rs.5000 and in multiples of Re.100 thereafter
Monthly Dividend Option : Rs.25000 in multiples of Rs. 100 thereafter
Wholesale Plan:
Growth /Dividend Option: Rs. 1 Crore in multiples of Rs.100 thereafter

More information here www.hdfcfund.com

Posted in Mutual Fund NFO, Mutual Funds, NFO