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Thursday, August 27, 2009

HSBC MF Revises Exit Load Structure For Various Funds

With effect from 28 August 2009

HSBC Mutual Fund has revised 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 28 August 2009.

Revised Exit Load structure (including HSBC SIP/HSBC STP/HSBC SIP Plus)

Revised Load Structure:

Accordingly, 1% of an exit load will be charged if units are redeemed / switched out within 1 year from the date of investment.

If redeemed / switched out after 1 year, the exit load will be Nil.

No load in case of switches between equity schemes of HSBC fund houses.

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