HDFC MF Revises Load Structure And Dividend Frequency - Dec 05, 2008

HDFC mutual fund has revised the exit load structure and dividend frequency for HDFC High Interest Fund-Short Term Plan effective from 8 December 2008.The exit load of High Interest Fund-Short Term Plan,As per revision, in respect of each purchase/ switch in of units, an exit load of 0.25% is payable if units are redeemed/switched out within 1 month from the date of allotment.

While existing exit load provision is nil.Changes in dividend frequency,The fund house has approved change in the frequency of the dividend distribution with effect from 8 December 2008.

It has been revised dividend distribution at fortnightly frequency i.e. 1st and 16th of every month with payout and reinvestment facility. The existing dividend distribution is monthly dividend frequency i.e. on 1st business day of every month with payout and reinvestment facility.All other terms and conditions of the scheme will remain unchanged.