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HDFC MF: New Fund Manager appointed and introduction of SIP facility


HDFC Mutual Fund has appointed new fund manager of the following schemes.

Scheme NameFund Manager
HDFC Large Cap FundMr. Vinay Kulkarni
HDFC Small & Mid Cap FundMr. Chirag Setalvad
HDFC Inflation Indexed Bond FundMR. Anil Bamboli
HDFC Dynamic PE Ratio Fund of FundsMR. Miten Lathia (Equity) & Mr. Anil Bamboli (Debt)

The Fund House has introduced SIP facility in all schemes under all plans. Minimum amount per monthly SIP will be ₹500 and Quarterly SIP, it will be ₹1500.

The Fund House also revised minimum redemption amount to ₹1000 or a minimum of 100 units, against the previous ₹1000.

The above mentioned changes will be applicable from June 28, 2014.