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HDFC Mutual Fund launches HDFC Charity Fund for Cancer Cure

Published on July 26, 2023
Current Context: HDFC Charity Fund for Cancer Cure is a unique mutual fund scheme that allows you to invest in debt and money market instruments and also donate a part of your income to the Indian Cancer Society (ICS) for the treatment of underprivileged cancer patients.
HDFC Mutual Fund launches HDFC Charity Fund for Cancer Cure
  • HDFC AMC will match your donations with an equal amount (subject to a limit of Rs 16 crore per financial year).
  • You can choose either a 50% or 75% contribution of your Income Distribution cum Capital Withdrawal (IDCW) to be donated to the ICS. The scheme has a tenure of 1,196 days and is currently open for subscription until August 8.
  • The HDFC Charity Fund for Cancer Cure is a close-ended equity-oriented scheme that aims to generate income and capital appreciation by investing in a portfolio of equity and equity-related securities.

Question:

Q.1 What is the name of the non-profit organization that HDFC AMC has partnered with for the HDFC Charity Fund for Cancer Cure?
a. Indian Cancer Society
b. Cancer Patients Aid Association
c. Tata Memorial Centre
d. National Cancer Institute
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