VR Logo

HDFC MF: Change in Minimum Investment Amount in Debt Schemes


HDFC Mutual Fund has reduced the minimum investment amount from Rs. 1 Lakh to Rs.10,000 for Initial Purchase and Rs. 5,000 for additional purchase in the following schemes:

Scheme  Option
HDFC Floating Rate Income Short-term Plan Retail Daily Dividend
HDFC Cash Management Treasury Advantage Retail Daily Dividend
HDFC Cash Management Call Plan Growth & Dividend
HDFC Cash Management Savings Plan Dividend
The minimum redemption amount for above mentioned schemes has also been reduced from Rs. 50,000 or 5,000 units to Rs. 5,000 or 500 units.
The additional investment amount in the following schemes has been reduced from Rs. 10,000 to Rs. 5,000:


Scheme  Option
HDFC Cash Management Savings Plan Growth
HDFC Liquid  Growth
All the above changes are effective from January 12, 2012.