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Tuesday, November 25, 2014

HDFC MF Monthly Income Plan-Long Term Plan announces change in exit load

With effect from 01 December 2014  

HDFC Mutual Fund has announced change in exit load in HDFC MF Monthly Income Plan-Long Term Plan, open ended income scheme, with effect from 01 December 2014. Accordingly, the revised exit load will be: 

In respect of each purchase/switch-in of units 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 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 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 is payable if units are redeemed/ switched-out after 36 months from the date of allotment. 

The aforesaid change will be applicable on a prospective basis i.e. in respect of subscriptions made in the scheme from the effective date.
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