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Friday, January 30, 2015

HDFC MF Announces Discontinuation of Dividend Reinvestment Facility

With effect from 06 February 2014

HDFC Mutual Fund has approved discontinuation of fresh subscriptions under dividend reinvestment facility option of HDFC Tax Saver and HDFC Long Term Advantage Fund, with effect from 06 February 2015. 

Consequently, no fresh subscription will be accepted under the reinvestment option of the scheme. After discontinuation of dividend reinvestment sub-option, the scheme will offer payout facility of dividend option under the regular plan and direct plan of respective scheme(s).
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