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Monday, May 04, 2015

HDFC MF Announces Change In Exit Load Structure Under Its Schemes

With effect from 08 May 2015

HDFC Mutual Fund has announced change in exit load structure under the following schemes, with effect from 08 May 2015. 

Accordingly the revised exit load will be: 

HDFC Top 200 Fund, HDFC Infrastructure Fund, HDFC Balanced Fund, HDFC Prudence Fund, HDFC Growth Fund, HDFC Capital Builder Fund, HDFC Small & Mid Cap Fund and HDFC Core & Satellite Fund:
 
In respect of each purchase / switch-in of units, an exit load of 1.00% is payable if units are redeemed / switched out within 1 year from the date of allotment. 

No exit load is payable if units are redeemed / switched out after 1 year from the date of allotment. 

HDFC MF Monthly Income Plan (Short Term Plan & Long Term Plan): 

In respect of each purchase / switch-in of units, 15% of the units may be redeemed without any exit load from the date of allotment. 

Any redemption in excess of the limit shall be subject to the following exit load: 

Exit load of 1% is payable if units are redeemed / switched-out within 1 year from the date of allotment of units. 

No exit load is payable if units are redeemed / switched-out after 1 year from the date of allotment of units.
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