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Thursday, February 26, 2009

HDFC MF revises load structure for Short Term Plan

With effect from 2 March 2009

HDFC Mutual Fund has decided to revise the load structure for HDFC Short Term Plan, with effect from 2 March 2009.

Accordingly, the revised exit load will be 0.50% for each purchase / switch in of units less than Rs 1 crore value, is redeemed / switched out within 3 months from the date of allotment and 0.25% of exit load is payable for each purchase / switch in of units equal to or greater than Rs 1 crore value, is redeemed / switched out within 1 month from the date of allotment.

At present, the scheme charges 0.50% for each purchase / switch in of units, is redeemed / switched out within 3 months from the date of allotment.

HDFC Short Term Plan is an open ended income scheme with an investment objective to generate regular income through investment in debt securities and money market instruments.

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