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SCHEME INFORMATION DOCUMENT
HDFC Fixed Maturity Plans - Series 46
A Close Ended Income Scheme With Tenure 1876 Days, A Relatively High Interest
Rate Risk and Relatively Low Credit Risk
This product is suitable for investors Riskometer #
who are seeking*
Regular income over 1876 days
(tenure of the plan)
Investment in debt and money market
instruments and government
securities.
*Investors should consult their
financial advisers, if in doubt about
whether the product is suitable for
them.
Potential Risk Class
(Maximum risk the scheme can take)
Credit Risk → Relatively Moderate Relatively
Low (Class (Class B) High (Class
Interest Rate
Risk ↓ A) C)
Relatively
Low (Class I)
Moderate
(Class II)
Relatively
High (Class A-III
III)
A-III – A Scheme with Relatively High
Interest Rate Risk and Relatively Low Credit
Risk.
# The product labeling assigned during the NFO is based on internal assessment of the
scheme characteristics or model portfolio and the same may vary post NFO when the actual
investments are made.
For latest riskometer, investors may refer to the Monthly Portfolios disclosed on the website
of the Fund viz. www.hdfcfund.com
Offer of Units of Rs. 10 each during the New Fund Offer (NFO)
Name of the Plan NFO Opens on NFO Closes on
HDFC FMP 1876D March March 23, 2022 March 28, 2022
2022
Being a close ended scheme, the Scheme will not reopen for subscriptions. The Scheme is
proposed to be listed on National Stock Exchange of India Limited (NSE) and / or BSE
Limited (BSE).
This Scheme Information Document (SID) has 6 Fixed Maturity Plans (the "Plans") which are
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proposed to be listed. Presently under this SID, third plan is being launched and the balance
three Plans will be launched after giving due Notice to the investors.
Name of Mutual Fund (Fund): HDFC Mutual Fund
Name of Asset Management Company (AMC): HDFC Asset Management Company Limited
Name of Trustee Company: HDFC Trustee Company Limited
Addresses, Website of the entities:
Address:
Asset Management Company (AMC): Trustee Company:
HDFC Asset Management Company HDFC Trustee Company Limited
A Joint Venture with abrdn Investment Registered Office:
Management Limited HDFC House, 2nd Floor,
Registered Office: H.T. Parekh Marg, 165-166, Backbay
HDFC House, 2nd Floor, H.T. Parekh Marg, Reclamation,
165-166, Backbay Reclamation, Churchgate, Churchgate, Mumbai - 400 020.
Mumbai - 400 020. CIN No. U65991MH1999PLC123026
CIN No: L65991MH1999PLC123027
Website:
www.hdfcfund.com
The particulars of the Scheme have been prepared in accordance with the Securities
and Exchange Board of India (Mutual Funds) Regulations, 1996, (herein after referred
to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a
Due Diligence Certificate from the AMC. The units being offered for public
subscription have not been approved or recommended by SEBI nor has SEBI certified
the accuracy or adequacy of the Scheme Information Document.
The Scheme Information Document sets forth concisely the information about the Scheme
that a prospective investor ought to know before investing. Before investing, investors should
also ascertain about any further changes to this Scheme Information Document after the
date of this Document from the Mutual Fund / Investor Service Centres (ISCs) / Website /
Distributors or Brokers.
The investors are advised to refer to the Statement of Additional Information (SAI)
for details of HDFC Mutual Fund, Tax and Legal issues and general information on
www.hdfcfund.com
SAI is incorporated by reference (is legally a part of the Scheme Information
Document). For a free copy of the current SAI, please contact your nearest Investor
Service Centre or log on to our website - www.hdfcfund.com
The Scheme Information Document should be read in conjunction with the SAI and
not in isolation.
Please refer to NSE / BSE Disclaimer clause overleaf.
This Scheme Information Document is dated March 10, 2022.
Page 2 of 120
DISCLAIMER OF NSE
As required, a copy of this Scheme Information Document has been submitted to National
Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its
letter NSE/LIST/5343 September 08, 2021 dated September 8, 2021 permission to the
Mutual Fund to use the Exchange's name in this Scheme Information Document as one of
the stock exchanges on which the Mutual Fund's Units are proposed to be listed subject to,
the Mutual Fund fulfilling the various criteria for listing. The Exchange has scrutinized this
Scheme Information Document for its limited internal purpose of deciding on the matter of
granting the aforesaid permission to the Mutual Fund. It is to be distinctly understood that the
aforesaid permission given by NSE should not in any way be deemed or construed that the
Scheme Information Document has been cleared or approved by NSE; nor does it in any
manner warrant, certify or endorse the correctness or completeness of any of the contents of
this Scheme Information Document; nor does it warrant that the Mutual Fund's Units will be
listed or will continue to be listed on the Exchange; nor does it take any responsibility for the
financial or other soundness of the Mutual Fund, its Sponsors, its management or any
scheme of the Mutual Fund.
Every person who desires to apply for or otherwise acquire any Units of the Mutual Fund
may do so pursuant to independent inquiry, investigation and analysis and shall not have
any claim against the Exchange whatsoever by reason of any loss which may be suffered by
such person consequent to or in connection with such subscription /acquisition whether by
reason of anything stated or omitted to be stated herein or any other reason whatsoever.
DISCLAIMER OF BSE:
"BSE Ltd. ("the Exchange") has given vide its letter dated September 8, 2021 permission to
HDFC Mutual Fund to use the Exchange's name in this SID as one of the Stock Exchanges
on which this Mutual Fund's Units are proposed to be listed. The Exchange has scrutinized
this SID for its limited internal purpose of deciding on the matter of granting the aforesaid
permission to HDFC Mutual Fund. The Exchange does not in any manner:-
i) warrant, certify or endorse the correctness or completeness of any of the contents of this
SID; or
ii) warrant that this scheme's units will be listed or will continue to be listed on the Exchange;
or
iii) take any responsibility for the financial or other soundness of this Mutual Fund, its
promoters, its management or any scheme or project of this Mutual Fund;
and it should not for any reason be deemed or construed that this SID has been cleared or
approved by the Exchange.
Every person who desires to apply for or otherwise acquires any unit of HDFC Fixed Maturity
Plans - Series 46 of this Mutual Fund may do so pursuant to independent inquiry,
investigation and analysis and shall not have any claim against the Exchange whatsoever by
reason of any loss which may be suffered by such person consequent to or in connection
with such subscription/ acquisition whether by reason of anything stated or omitted to be
stated herein or any other reason whatsoever.
Page 3 of 120
Contents
HIGHLIGHTS / SUMMARY OF THE SCHEME .............................................................................. 5
I. INTRODUCTION ........................................................................................................................ 11
A. RISK FACTORS ..................................................................................................................... 11
B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME ................................... 18
C. SPECIAL CONSIDERATIONS ......................................................................................... 18
D. DEFINITIONS ..................................................................................................................... 21
E. ABBREVIATIONS .................................................................................................................. 27
F. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY ................................... 28
II. INFORMATION ABOUT THE SCHEME................................................................................. 29
A. TYPE OF THE SCHEME ...................................................................................................... 29
B. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME? ................................... 29
C. HOW WILL THE SCHEME ALLOCATE ITS ASSETS? ............................................... 30
D. WHERE WILL THE SCHEME INVEST? ........................................................................ 34
E. WHAT ARE THE INVESTMENT STRATEGIES? ............................................................. 43
F. CREATION OF SEGREGATED PORTFOLIO .................................................................. 48
G. FUNDAMENTAL ATTRIBUTES ....................................................................................... 52
H. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? ........................... 53
I. WHO MANAGES THE SCHEME? ...................................................................................... 53
J. WHAT ARE THE INVESTMENT RESTRICTIONS? ......................................................... 53
K. HOW HAS THE SCHEME PERFORMED? ....................................................................... 57
L. ADDITIONAL SCHEME RELATED DISCLOSURE(S) ..................................................... 58
III. UNITS AND OFFER .............................................................................................................. 59
A. NEW FUND OFFER (NFO) .................................................................................................. 59
B. ONGOING OFFER DETAILS ............................................................................................... 78
C. PERIODIC DISCLOSURES .............................................................................................. 90
D. COMPUTATION OF NAV ................................................................................................. 96
IV. FEES AND EXPENSES ........................................................................................................ 97
A. NEW FUND OFFER (NFO) EXPENSES ............................................................................ 97
B. ANNUAL SCHEME RECURRING EXPENSES ................................................................ 97
C. TRANSACTION CHARGES ........................................................................................... 100
D. LOAD STRUCTURE ........................................................................................................ 100
E. WAIVER OF LOAD FOR DIRECT APPLICATIONS ....................................................... 101
V. RIGHTS OF UNITHOLDERS .................................................................................................... 102
VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF
INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN
OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY ........ 103
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