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Wednesday, May 06, 2009

HSBC MF revises exit load structure

With effect from 8 May 2009

HSBC Mutual Fund has approved revision in the load structure under HSBC Equity Fund, with effect from 8 May 2009.

Accordingly, the scheme revised the exit load to 1.25% from 1.00%, for investment amount less than Rs 5 crore, if redeemed / switched out within 1 year from date of investment and exit load for the investment amount equal to or greater than Rs 5 crore will be nil.

For switch transactions from HSBC Cash Fund to HSBC Equity Fund (HEF) and subsequent switch transactions from HEF to any other debt or equity scheme (excludes existing & prospective STP transaction) - 2.25% of exit load will be levied for the investment amount less than Rs 5 crore, if above switch investments are redeemed/ switched out within 1 year form the date of switch, otherwise nil.

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