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Thursday, July 30, 2009

HSBC MF revises exit load structure for various funds

With effect from 1 August 2009

HSBC Mutual Fund revises the exit load structure for HSBC Equity Fund, HSBC India Opportunities Fund, HSBC Progressive Themes Fund, HSBC Midcap Equity Fund, HSBC Emerging Markets Fund, HSBC Dynamic Fund. The change will be effective from 1 August 2009.

Revised Exit Load Structure (including HSBC SIP/HSBC STP/HSBC SIP Plus): Accordingly, 2% of an exit load will be charged for the investment amount below Rs 5 crore, if redeemed / switched out within 1 year from date of investment, and it will charge an exit load of 1% for the investments below Rs 5 crore, if redeemed / switched out on or after 1 year but within 2 years from date of investment, otherwise nil.

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