
HDFC Mutual Fund has announced the below mentioned changes in the fundamental attributes of HDFC Long-Term Equity with effect from March 27, 2013.
The proposed name of the fund is HDFC Focused Large-Cap Fund.
The minimum allocation in Equity and related instruments of Large cap companies shall be 80%, while presently the allocation is 70% for Equity and related instruments and the condition of Large cap company does not exist.
The proposed allocation for Debt securities and money market instruments has been reduced from 30% to 20%.
The dissenting investors have an option to redeem their units between February 25, 2013 and March 26, 2013 without the payment of exit load.