|
 On
15th January 2010, several Financial Institutions were
invited by Indian Cancer Society (ICS) to brain storm on the
idea of setting up a debt fund, whose returns can be used to
financially assist underprivileged cancer patients in
meeting their astronomical treatment costs. The outcome of
this successful brain storming resulted in the HDFC Asset
Management Company’s proposal of setting up a capital
protected debt fund in collaboration with ICS for Cancer
Cure.
HDFC Debt Fund for Cancer Cure (H-DFCC)
is a pioneering initiative, first of its kind in the
country, for enlisting the support of the well wishers of
this cause on a pan India basis which would not have been
possible without the superb championship by HDFC AMC and the
HDFC Group.
H-DFCC is a 100% debt oriented closed
ended fund of a 3 year term with capital protection. The
unique feature of this fund is that it offers the investor
an option to donate the dividend declared by this fund to
ICS to finance the treatment costs of underprivileged
patients suffering from cancer. Based on the choice made by
the investor at the time of application, HDFC AMC would
directly donate either 50% or 100% of the dividend declared,
to ICS on behalf of the investor. |
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Cancer Cure Fund - A Joint Initiative with HDFC AMC
