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.
*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<http://hdfcfund.com/CMT/Upload/ArticleAttachments/248Introduction%20of%20No%20Entry%20Load-July%2023%2009.pdf>
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