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Revision of Load in HDFC Prudence


HDFC Mutual Fund has announced a revision in the load structure of the newly acquired, HDFC Prudence, effective July 21, 2003. The fund would now charge an entry load of 2 per cent irrespective of the investment amount.

The fund had recently announced a load change on July 10, 2003, just before the dividend announcement. The fund proposed to charge an entry load of 2 per cent for only those investments which were less than Rs 1.5 crores.