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HDFC FMP Series IX: Change in Exit Load and Minimum Applicaiton Amount


HDFC MF has notified (vide notice dated October 31, 2008) the following change under the remaining plans of 370 Days, 17 Months, 24 Months and 36 Months to be launched under HDFC FMP Series IX:

1. Minimum application amount - Wholesale Plan: Rs. 25 Lacs and in multiples of Re. 1 thereafter.

2. Exit load:
a. For 370 Days Plans:
Exit load of 3% shall be applicable if investment is redeemed before maturity or the final redemption date.

b. For 17 Months Plans, 24 Months Plans, 36 Months Plans:
Exit load of 4% shall be applicable if investment is redeemed before maturity of the findal redemption date.