HDFC FMP 2638D February 2023 47 Fund Direct Growth

HDFC FMP 2638D February 2023 47 Fund Direct Growth is a debt fund. This fund was started on 23 February, 2023. The fund is managed by Anupam Joshi. This fund is suitable to keep your money safe.

1. HDFC FMP 2638D February 2023 47 Fund Direct Growth has ₹151 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.1.
   

HDFC FMP 2638D February 2023 47 Fund Direct Growth has given a CAGR return of 10.31% since inception. Over the last 1 year the fund has given a CAGR return of 12.07%.

HDFC FMP 2638D February 2023 47 Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are Goi Strips 19032030, Goi Strips 19092029, GS CG 22/2/2030 - (STRIPS) Strips, Goi Strips 26042030, 5.79% Govt Stock 2030

As it is a fixed maturity intermediate-term bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

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).

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. HDFC FMP 2638D February 2023 47 Fund Direct Growth has no lock in period.