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HDFC MF: MIP opens for sale

MUMBAI DEC. 27. HDFC Mutual Fund will open its monthly income plan, which mobilised Rs. 920 crores through IPO, for regular sale and repurchase transactions from December 29.

The purchase and redemptions would be at net asset value (NAV) prices. The NAV of the scheme (short-term plan) stood at Rs. 10.13 per unit, HDFC said in a release here today. The corpus of the scheme would be primarily invested in debt and money market instruments, the release said.— PTI

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