Change in Exit Load under HDFC Floating Rate Income Fund – Long Term Plan

HDFC Mutual Fund has announced a revision in exit load under HDFC Floating Rate Income Fund – Long Term Plan, with effect from June 24, 2011.

The revised exit load will be 2 per cent if redeemed / switched out within 12 months from the date of allotment and Nil if redeemed / switched out after 12 months from the date of allotment.

Earlier exit load used to be 3 per cent if redeemed / switched out within 18 months from the date of allotment and Nil if redeemed / switched out after 18 months from the date of allotment.