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Thursday, November 20, 2014

HDFC Core & Satellite Fund Announces Change In Exit Load Structure

With effect from 01 December 2014 

HDFC Mutual Fund has announced change in exit load structure under HDFC Core & Satellite Fund, open –ended growth scheme with effect from 01 December 2014. 

Accordingly, in respect of each purchase / switch-in of units, an exit load of 3% 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 2% 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 1% 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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