February 15, 2023
mayank
Guidance for HDFC FMP 2638D February 2023 NFO
by Paresh Gordhandas, C.A., Research Analyst.
Upcoming Soon
HDFC FMP 2638D February 2023 NFO
NFO opens on February 21, 2023
NFO will close on February 22, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The Scheme seeks to generate income through investments in Debt/ Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s).
Basic Details
| Fund House | HDFC Mutual Fund |
| Issue Open | 21 February 2023 |
| Issue Close | 22 February 2023 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW, IDCW Quarterly |
| Tenure (Days) | 2638 |
| Riskometer | Moderate |
| Benchmark | NIFTY Long Duration Debt Index |
About Benchmark Index
NIFTY Fixed Income Aggregate Indices consist of 13 indices which measure the performance of various fixed income portfolios covering Government securities, Corporate bonds of different credit rating categories, Commercial papers, Certificate of deposits, T-Bills and Overnight rate.
| Index Characteristics | |
| Methodology | Total Returns |
| Launch Date | February 09, 2018 |
| Base Date | September 03, 2001 |
| Base Value | 1000 |
| Calculation Frequency | Daily – End of day |
| Weight Reset Frequency | Monthly |
Statistics
| Index Name | Avg. Macaulay Duration* | Avg. Modified Duration* | Avg. Maturity* | Avg. Yield %* | 3 M | 6 M | 1 Yr. | 3 Yr. | Since Inception |
| NIFTY Liquid Index | 0.07 | 0.07 | 0.07 | 4.94 | 1.67 | 3.14 | 5.31 | 4.29 | 6.82 |
| NIFTY Ultra Short Duration Debt Index | 0.28 | 0.26 | 0.29 | 7.73 | 1.81 | 3.29 | 5.54 | 4.94 | 7.43 |
| NIFTY Low Duration Debt Index | 0.63 | 0.58 | 0.63 | 7.89 | 1.75 | 2.98 | 4.79 | 5.04 | 7.44 |
| NIFTY Money Market Index | 0.34 | 0.32 | 0.34 | 7.36 | 1.75 | 3.10 | 5.11 | 4.56 | 7.07 |
| NIFTY Short Duration Debt Index | 1.90 | 1.78 | 2.04 | 7.76 | 1.71 | 2.69 | 3.88 | 5.84 | 7.64 |
| NIFTY Medium Duration Debt Index | 3.34 | 3.14 | 3.85 | 7.81 | 1.85 | 2.70 | 2.81 | 6.37 | 7.70 |
| NIFTY Medium to Long Duration Debt Index | 5.55 | 5.26 | 7.26 | 7.78 | 2.13 | 3.26 | 3.18 | 6.32 | 7.75 |
| NIFTY Long Duration Debt Index | 8.50 | 8.09 | 15.50 | 7.75 | 2.34 | 4.14 | 4.02 | 6.10 | 7.73 |
| NIFTY Composite Debt Index | 5.04 | 4.78 | 7.47 | 7.80 | 2.04 | 3.23 | 3.52 | 6.26 | 7.72 |
| NIFTY Corporate Bond Index | 2.51 | 2.33 | 2.76 | 8.12 | 1.69 | 2.71 | 3.61 | 6.47 | 8.03 |
| NIFTY Credit Risk Bond Index | 1.90 | 1.76 | 2.08 | 9.65 | 2.22 | 3.96 | 6.45 | 8.34 | 8.82 |
| NIFTY Banking & PSU Debt Index | 2.49 | 2.33 | 2.94 | 7.75 | 1.65 | 2.62 | 3.40 | 5.72 | 7.60 |
| NIFTY All Duration G-Sec Index | 7.07 | 6.82 | 12.23 | 7.48 | 2.43 | 3.70 | 3.65 | 5.58 | 7.10 |
Fund Manager
1) Vikash Agarwal
Education: Mr. Agarwal is a B.Com., CA, CFA
Experience: Prior to joining HDFC AMC, he has worked with Larsen & Toubro Ltd.
Past Performance of his Schemes
| Fund | HDFC Money Market Fund | It’s Benchmark | HDFC Ultra Short Term Fund – Regular Plan | It’s Benchmark |
| 1 Year | 5.08 | 2.74 | 4.82 | 2.74 |
| 3 Year | 5.02 | 2.56 | 4.80 | 2.56 |
| 5 Year | 6.09 | 3.22 | — | — |
| 7 Year | 6.32 | 3.52 | — | — |
| 10 Year | 7.06 | 4.11 | — | — |
AMC:
HDFC Asset Management Company Ltd
Address: Ground Floor, Mafatlal House, H.T Parekh Marg Backbay Reclamation Churchgate Mumbai – 400020
Website: http://www.hdfcfund.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com