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Our Bureau

Mumbai , Nov. 25

HDFC Asset Management Company is launching a capital guard fund, according to the offer document filed with Securities and Exchange Board of India.

This open-ended income fund would comprise of several series and would offer various investment plans of fixed maturities within each series.

The scheme through its plans of different investment maturities will endeavour to offer high safety of capital over the tenor of the respective plans by investing predominantly in Central Government Securities while retaining some upside from investments in equities, says the offer document.

Each plan will offer growth and dividend options and the minimum application amount is Rs 5,000. The fund seeks to raise a minimum subscription amount of Rs 1 crore during the initial public offer. Units are available at Rs 10 per unit during the IPO, according to the document.

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