HDFC Mutual Fund has announced to change the plans under HDFC High Interest Fund with effect from June 4, 2013.
Currently, it has only two plans - HDFC High Interest & HDFC High Interest -Direct. Now, these plans will be HDFC High Interest - Dynamic & HDFC High Interest - Dynamic - Direct.
In effect of this change, the investment strategy will also be changed. Now, this scheme will invest in debt instruments across different maturities. Also, the scheme will follow an active duration management strategy.
Dissenting investors can exit between May 3, 2013 to June 3, 2013 without paying any exit load.