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HSBC Floating Rate - Long Term Plan: Introduction of 'Weekly Dividend' Option, Change of exit load


HSBC MF has introduced 'Weekly Dividend' option under HSBC Floating Rate Fund - Long Term Plan - Regular Plan with effect from February 20, 2009. The fund will now have Weekly and Monthly dividend options with the weekly option allowing for reinvestment of dividends only.

Further, w.e.f. February 13, 2009, the exit load for all investments (including SIP / STP) under HSBC Floating Rate Fund - Long Term Plan stands revised as follows:

Regular Option: 0.25% if units are redeemed within 3 months.
Institutional Option: NIL