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Wednesday, February 25, 2015

HDFC MF Monthly Income Plan Announces Change In Exit Load Structure

With effect from 02 March 2015

HDFC Mutual Fund has announced change in exit load structure under HDFC MF Monthly Income Plan – Long Term Plan and HDFC MF Monthly Income Plan – Short Term Plan, with effect from 02 March 2015. 

Accordingly the revised exit load will be: 

In respect of each purchase / switch-in of units, 30% of the units may be redeemed without any exit load from the date of allotment. If units are redeemed / switched-out within 12 months from the date of allotment of units, the exit load will be 1.50% 

If units are redeemed / switched-out after 12 months but within 24 months from the date of allotment of units, the exit load will be 1.00% 

If units are redeemed / switched-out after 24 months but within 36 months from the date of allotment of units, the exit load will be 0.50% 

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