Fundamental attributes changes in HDFC Dynamic PE Ratio Fund of Funds

HDFC Mutual Fund has announced change in the fundamental attributes of HDFC Dynamic PE Ratio Fund of Funds.

• The scheme name of 'HDFC Dynamic PE Ratio Fund of Funds' change to 'HDFC Debt Advantage Fund of Funds'.
  


• The investment objective is to generate income/long-term capital appreciation by investing in units of Arbitrage and Debt schemes.
  


• As per the updated asset allocation, the fund will now invest 95-100 per cent of its assets in the units of debt-oriented mutual funds and arbitrage schemes.
  


• The benchmark of the scheme has changed from 'NIFTY 50 Hybrid Composite Debt 65:35 Index' to 'NIFTY 50 Arbitrage Index (35%) + Nifty Composite Debt Index A-III(60%) + Nifty 1D Rate Index(5%)'.
  


• The exit load changes from '1% for redemption within 365 days' to '0.25% for redemption within 1 month.'
  


• The risk-o-meter change from 'High' to 'Low to Moderate'.
  

These changes are effective from March 19, 2025.

As per the regulatory requirements, unitholders have been given a 30-day exit window from February 17, 2024 to March 18, 2025. Investors who do not consent to these changes have an option to either switch or redeem their investments without paying any exit load during the period. No action is required to be taken by investors who don't have any objection to the proposed change.