
HDFC Mutual Fund announced the recommencement of wholesale plan under HDFC Arbitrage Fund having growth and quarterly dividend option and the quarterly dividend option is renamed as Normal Dividend option. The fund house is also re-introducing monthly dividend option under the dividend option of wholesale plan.
Direct Plan is also introduced under Wholesale Plan.
Minimum application amount under wholesale plan will be Rs 1 lakh.
The fund house also announced the discontinuation of retail plan under HDFC Arbitrage Fund.
All the above mentioned changes will be effective from March 26, 2014.