HDFC Mutual Fund Change Consignment Structure

HDFC Mutual Fund has decided to revise the entry and exit load structure wherever applicable for all schemes of the fund house with effect from 1 August 2009. Entry Load: Accordingly, no entry load will be charged for purchase/additional purchase/switch-in accepted by the fund.

Similarly, no entry load will be charged with respect to applications for registrations under Systematic Investment Plan/Systematic Transfer Plan/HDFC Flexi NDEX Plan accepted by the fund.

Exit Load: The scheme will charge an exit load up to 1% of the redemption value charged to the unitholder by the fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for payment of commissions to the ARN holders and meet other marketing and selling expenses.

Any amount in excess of 1% of the redemption value charged to the unitholder as exit load shall be credited to the respective Scheme immediately.