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 allotment date.
However, no exit load is payable if the units are redeemed/switched-out after 12 months from the date of allotment.
Existing Provision: In respect of each purchase/switch-in of units, 0.50% as exit load is payable if units are redeemed/switched-out within 3 months from the date of allotment.
However, no exit load is payable if units are redeemed/switched-out after 3 months from the allotment date.
The aforesaid change will be applicable on a prospective basis from July 1, 2009 in respect of investments made in HDFC Arbitrage Fund-Whole Sale Plan.
However, no exit load is payable if the units are redeemed/switched-out after 12 months from the date of allotment.
Existing Provision: In respect of each purchase/switch-in of units, 0.50% as exit load is payable if units are redeemed/switched-out within 3 months from the date of allotment.
However, no exit load is payable if units are redeemed/switched-out after 3 months from the allotment date.
The aforesaid change will be applicable on a prospective basis from July 1, 2009 in respect of investments made in HDFC Arbitrage Fund-Whole Sale Plan.
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