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HDFC Floating Rate Income Fund - LT Plan: Change in Load


HDFC MF has notified the following change in the load structure under HDFC Floating Rate Income Fund - Long Term Plan.

Existing Entry Load: NIL Exit Load: 0.50% if redeemed within 6 months for investment upto Rs. 10 lakhs and 1% if redeemed within 6 months for investment greater than Rs 10 lakhs.

Revised Entry Load: 1% Exit Load: Exit load of 0.50% if redeemed within 6 months for investment upto Rs. 10 lakhs and for greater investments, 3% if redeemed within 18 months.

The aforesaid change is applicable from April 01, 2009 and will be for investments other than through SIP and STP.