HDFC Arbitrage Fund reduces exit load to 0.25 per cent

HDFC Mutual Fund has revised the exit load of HDFC Arbitrage Fund to 0.25 per cent if redeemed within 1 month. Currently, it is 0.50 per cent if redeemed within 3 months.

The effective date is June 15, 2015.

The fund house has also announced dividend under the dividend option of HDFC Q Interval Plan A Direct-DM and HDFC Q Interval Plan A Retail-D. The quantum of dividend will be the entire distributable surplus as on the record date.

The record date has been fixed as June 15, 2015.