HDFC MF plans to launch ultra short term fund

The Securities and Exchange Board of India’s approval is sought for its HDFC Ultra Short Term Fund.

The open-ended debt scheme will invest in instruments with a duration of between three to six months.

The weight of each cash flow is determined by dividing the present value of the cash flow by the price.

The scheme will deploy its entire corpus in debt instruments, including securitized debt and money market instruments.

It also has the provision to invest up to 10 percent of its assets in units issued by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).

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