HDFC MF has decided to revise the exit load of HDFC Medium Term Opportunities Fund and HDFC Floating Rate Income Fund- Long Term Plan, with effect from June 10, 2013.
HDFC Medium Term Opportunities Fund will charge exit load at 1 per cent if investments are redeemed or switched-out within 12 months from the date of allotment. Existing exit load is charged at 2 per cent on units redeemed/ switched-out within 12 months and 1 per cent on units redeemed/ switched-out after 12 months. Exit load is nil after 18 months.
HDFC Floating Rate Income Fund will charge exit load at 0.50 per cent on investments redeemed within 3 months. Existing exit load is charged at 2 per cent on units withdrawn within 12 months from the date of allotment.
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