No Entry Load for all Schemes with effect from August 1, 2009
The following changes will be effected to the Scheme Information Document(s)/Key Information Memorandum(s), wherever applicable for all the Schemes of HDFC Mutual Fund ("the Fund"). The provisions of the addendum shall be applicable on aprospective basis, effective from August 1, 2009.
The following changes will be effected to the Scheme Information Document(s)/Key Information Memorandum(s), wherever applicable for all the Schemes of HDFC Mutual Fund ("the Fund"). The provisions of the addendum shall be applicable on aprospective basis, effective from August 1, 2009.
Entry Load
In accordance with the requirements specified by the SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30,2009, no entry load will be charged for purchase / additional purchase / switch-in accepted by the Fund with effectfrom August 1, 2009. Similarly, no entry load will be charged with respect to applications for registrations underSystematic Investment Plan/ Systematic Transfer Plan / HDFC FLEXINDEX Plan accepted by the Fund with effect fromAugust 1, 2009.
Exit Load/Contingent Deferred Sales Charge ("CDSC")
With effect from August 1, 2009, exit load/ CDSC (if any) up to 1% of the redemption value charged to the Unitholderby the Fund on redemption of units shall be retained by each of the Schemes in a separate account and will be utilizedfor payment of commissions to the ARN Holder and to meet other marketing and selling expenses.
To read the addendum, please click here
To read the addendum, please click here
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