HDFC Mutual Fund has decided to revise the exit load in its HDFC Floating Rate Income Fund – Long Term Plan with effect from July 01, 2004. As per the revised provision, an exit load of 0.5 per cent will be charged if the units are redeemed within six months from the date of allotment subject to a limit of Rs 10 lakh. However, no exit load will be payable if the amount is greater than aforementioned limit.
Currently, an exit load of 0.25 per cent will be charged if units are redeemed within 3 months from the date of allotment.
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