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HDFC MF: Introduction of Index based Trigers Transfers under Liquid / Debt Schemes

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.