Economic Times•Feb 28
NFO Alert: HDFC Mutual Fund launches HDFC Income Plus Arbitrage Omni FOF
HDFC Mutual Fund has announced the launch of HDFC Income Plus Arbitrage Omni FOF, an open-ended Fund of Fund scheme designed to provide investors exposure to arbitrage schemes and active / passive debt-oriented schemes. HDFC Income Plus Arbitrage Omni FOF will dynamically manage its allocation by adjusting portfolio duration and credit exposure based on factors such as the interest rate outlook, RBI monetary policy, yield curve dynamics, liquidity conditions and arbitrage spreads between the cash and futures markets, according to a press release by the fund house. The scheme will aim to maintain the exposure to units of debt-oriented mutual fund schemes, debt securities and money market instruments below 65%.
