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Saturday, July 23, 2016

HDFC MF Announces Change in exit load structure under two schemes

With effect from 27 July 2016 

HDFC Mutual Fund has announced change in exit load under the following schemes, with effect from 27 July 2016. 

Accordingly, the revised exit load will be: 

HDFC Short Term Plan: 

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

Any redemption in excess of the above limit shall be subject to the following exit load:
Exit load of 0.75% is payable, if units are redeemed / switched out within 12 months from the date of allotment. 

No exit load is payable if units are redeemed / switched out after 12 months from the date of allotment. 

HDFC Corporate Debt Opportunities Fund: 

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

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

In respect of each purchase/switch-in of units, an exit load of 2.00% 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 1.00% is payable if units are redeemed / switched-out within 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 0.50% is payable if units are redeemed / switched-out within 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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