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Thursday, August 14, 2014

HDFC MF Announces Change In Exit Load Structure Under Two Schemes

With effect from 13 August 2014

HDFC Mutual Fund has announced change in exit load structure under HDFC MF Monthly Income Plan – Short Term Plan and HDFC Corporate Debt Opportunities Fund, with effect from 13 August 2014. 

Accordingly, in respect of each purchase / switch-in of units, an exit load of 2% is payable if units are redeemed / switched-out within 12 months from the date of allotment. 

In respect of each purchase / switch-in of units, an exit load of 1% is payable if units are redeemed / switched-out after 12 months but within 24 months from the date of allotment. 

In respect of each purchase / switch-in of units, an exit load of 0.50% is payable if units are redeemed / switched-out after 24 months but within 36 months from the date of allotment. 

No exit load is payable if units are redeemed / switched-out after 36 months from the date of allotment.
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