HDFC MF revises load structure

12 Apr 2008 | 10:47 HDFC MF revises load structure
HDFC mutual fund has revised load structure in the minimum application amount in the HDFC Floating Rate Income Fund-Long Term Plan. The changes will be effective from 16 April 2008.

The details are as follows:

Particulars	Existing provision	Revised provision
Entry load	Direct applications and applications routed through agent/distributor/broker: Nil	No change
Exit load	In respect of each purchase/switch-in of units, up to and including Rs 10 lakh in value, an exit load of 0.50% is payable if units are redeemed/switched-out within 6 months from the date of allotment.	No change
	In respect of each purchase/switch-in of units greater than Rs 10 lakh in value, no exit load is payable.	In respect of each purchase/switch-in of units greater than Rs 10 lakh in value, an exit load of 1.00% is payable if units are redeemed/switched-out within 6 months from the date of allotment.