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HDFC Floating Rate LT Revises Load

HDFC Mutual Fund has revised load structure in its Floating Rate Income Fund – Long Term Plan. With effect from July 7, 2008, each purchase or switch in of units greater than Rs 10 lakhs in value, no exit load would be charged. Post July 11, 2008, 1% exit load will be charged for purchases / switches greater than Rs 10 lakhs, if redeemed within 6 months.