The exit load applicable under HDFC Income Fund has been revised as follows:
For investments less than Rs. 1 crore, exit load of 2% if units are redeemed
within 6 months, 1% if units are redeemed after 6 months but within 1 year. For
investments of Rs. 1 crore and above, exit load of 0.50% if units are redeemed
within 3 months, 0.25% if units are redeemed after 3 months but within 6 months.
This change is applicable with effect from December 15, 2008.
(Existing provision: For investments less than Rs. 5 crores, exit load of 2% if units are redeemed within 1 year, 1% if units are redeemed after 1 year but within 2 years. For investments of Rs. 5 crores and above, exit load of 0.50% if units are redeemed within 3 months, 0.25% if units are redeemed after 3 months but within 6 months.)
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