HDFC MF has notified introduction of 'HDFC FLEXINDEX Plan' under its debt / liquid schemes with effect from February 25, 2009. Under this plan, unit holders under the debt / liquid schemes of the fund house will have the facility to automatically transfer a portion of their investment into equity schemes of HDFC MF based on the index (BSE SENSEX) reaching or crossing of a closing level, as specified by the unit holder.
The triger dates should occour during the period of 1 year from the date of regestration. Further, there will be 2 options under the plan:
- Flexible Investment option: Minimum of 10% (an in multiples of 1% thereafter) against each index triger.
- Fixed Investment option: A fixed installment of 25% against each triger level.