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HDFC Infrastructure Fund turns Open-Ended

HDFC Mutual Fund has announced the conversion of HDFC Infrastructure Fund, a 3 year close-ended equity scheme into an open-ended equity scheme with effect from March 10, 2011.

Subsequent to the conversion to an open ended equity scheme, additional facilities such as Group Systematic Investment Plan, Flex STP, Flexindex Plan, Dividend Transfer Plan shall be introduced under the scheme.

Investors who wish to continue can do so without doing anything. New investment in the scheme will be subject to an exit load of 1 per cent if redeemed within 1 year from the date of allotment.