How HDFC’s mutual fund, ICS give succour to cancer patients

HDFC Mutual Fund is collaborating with the Indian Cancer Society (ICS) to launch a new Cancer Cure Fund, allowing investors to donate returns to support cancer patients. The fund is a fixed maturity plan with a 1,196-day tenure, and investors can choose to donate either 50% or 75% of their returns. HDFC AMC will match the donation, up to a limit of INR16 crore ($2.13m) per financial year. The fund has helped around 13,000 patients with a cumulative funding of INR226 crore over the past decade.

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