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Monday, August 24, 2009

HDFC MF Revises Exit Load for Investments Through SIP/STP

With effect from 24 August 2009

HDFC Mutual Fund has decided to revise the exit load structure for investments through systematic investment plan (SIP) / systematic transfer plan (STP), with effect from 24 August 2009.

HDFC Growth Fund, HDFC Equity Fund, HDFC Top 200 Fund, HDFC Capital Builder Fund, HDFC Core & Satellite Fund, HDFC Premier Multi-Cap Fund, HDFC Balanced Fund, HDFC Prudence Fund and HDFC Arbitrage Fund - Retail & Wholesale Plan:

Systematic Investment Plan (SIP): In respect of each SIP installment, an exit load of 1.00% will be charged if the units are redeemed/switched-out within 1 year from the date of allotment.

No exit load is payable if the units are redeemed/switched-out after 1 year from the date of allotment.

Systematic Transfer Plan (STP): In respect of each STP installment, an exit load of 1.25% will be charged if the units are redeemed/switched-out within 2 year from the date of allotment.

No exit load is payable if the units are redeemed/switched-out after 2 year from the date of allotment.

Exit load charge for HDFC Arbitrage Fund - Retail & Wholesale Plan is for SIP alone and not for STP.

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