HSBC Mutual Fund has announced a change in exit load of HSBC Income Fund- Short Term Plan. An exit load of 0.50% will charged if units are redeemed or switched out within 6 months from date of allotment. Earlier, the fund used to charge an exit load of 0.25% if redeemed or switched out within 3 months.
The same exit load structure will be applicable for HSBC Flexi Debt Fund.
The effective date for this change is September 01, 2011.