Fund News

HDFC FMP 1359D September 2022 and HDFC FMP 1406D August 2022 to Merge with HDFC Banking and PSU Debt Fund

HDFC Mutual Fund has announced the merger of two close ended schemes into HDFC Banking and PSU Debt Fund

HDFC Mutual Fund has announced the merger of HDFC FMP 1359D September 2022 and HDFC FMP 1406D August 2022 into HDFC Banking and PSU Debt Fund, effective June 30, 2026. As a result of this merger, the merging schemes will cease to exist, and their unitholders will become unitholders of HDFC Banking and PSU Debt Fund.

Exit Window: Unitholders of HDFC FMP 1359D September 2022 and HDFC FMP 1406D August 2022 who do not favor this merger can exit or switch their investments without any exit load between May 29, 2026 to June 29, 2026.

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