HDFC Mutual Fund has decided to revise exit load (non SIP/STP) in HDFC Arbitrage Fund-Whole Sale Plan. The details are: Exit load: Revised Provision: In respect of each purchase/switch-in of units, an exit load of 1% 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.
Existing Provision: In respect of each purchase/switch-in of units, an exit load of 0.50% is payable if units are redeemed/switched-out within 3 months from the date of allotment.
No exit load is payable if units are redeemed/switched-out after 3 months from the date of allotment.
The aforesaid change will be applicable on a prospective basis from 1 July 2009 in respect of investments made in HDFC Arbitrage Fund-Whole Sale Plan.
HDFC Arbitrage Fund is an open ended equity fund, the objective of the scheme is to generate income through arbitrage opportunities between cash and derivatives market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.
No exit load is payable if units are redeemed/switched-out after 12 months from the date of allotment.
Existing Provision: In respect of each purchase/switch-in of units, an exit load of 0.50% is payable if units are redeemed/switched-out within 3 months from the date of allotment.
No exit load is payable if units are redeemed/switched-out after 3 months from the date of allotment.
The aforesaid change will be applicable on a prospective basis from 1 July 2009 in respect of investments made in HDFC Arbitrage Fund-Whole Sale Plan.
HDFC Arbitrage Fund is an open ended equity fund, the objective of the scheme is to generate income through arbitrage opportunities between cash and derivatives market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.
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