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Revision in Exit Load of HDFC Floating Rate LT


HDFC Mutual Fund has announced a change in the exit load of HDFC Floating Rate Income Fund-Long Term Plan.

Presently, the fund charges a 0.5% exit load for investments upto Rs 10 lakhs redeemed within 6 months. But effective April 16, 2008, a 1 % exit load will be charged for investments greater than Rs 10 lakhs as well, if redeemed within six months.