An exit load of 0.25% (if units are redeemed within 1 month from the date of allotment) has been introduced under HDFC High Interest Fund STP. Currently, no exit load is chargeable under the scheme.
Further, the Monthly Dividend frequency will be converted into Fortnightly Dividend frequency, and the stipulated dates of declaration will be the 1st and the 16th of every month. Both, payout and re-investment facilities will be available under this option.
The aforesaid changes will be effective from December 08, 2008.