|Min SIP Amount||Not Supported|
|NAV||₹29.61 (25 May 2018)|
|Fund Started||26 Dec 2003|
|Fund Size||₹299 Cr|
|Hindalco Industries Ltd.||Metals||Bonds/NCD||3.8%|
|State Bank of India||Financial||Bonds||3.6%|
|National Highways Authority of India Ltd.||Services||Bonds||3.6%|
|Tata Steel Ltd.||Metals||Debenture||1.9%|
|KEC International Ltd.||Engineering||Equity||1.9%|
HDFC Monthly Income Plan Short term Plan Growth is a Hybrid Mutual Fund Scheme launched by HDFC Mutual Fund. This scheme was made available to investors on 26 Dec 2003. Shobhit Mehrotra, Vinay Kulkarni is the Current Fund Manager of HDFC Monthly Income Plan Short term Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹299 Cr and the Latest NAV as of 25 May 2018 is ₹29.61.
The HDFC Monthly Income Plan Short term Plan Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Exit load of 1% if redeemed within 1 year
The primary objective of the Scheme is to generate regular returns through investment primarily in Debt and Money Market Instruments. The Secondary objective of the scheme is to generate long term capital appreciation by investing a portion of the SchemeÃ¢??s assets in equity and equity related instruments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.