Effective 23rd April 2007, HDFC Mutual Fund has decided to introduce Wholesale Option under HDFC Cash Management Savings Plus Plan. The plan offers Growth and Dividend Option with Daily, Weekly and Monthly frequencies. Minimum Investment amount under the plan would be Rs.1 crore and it would not charge any entry or exit load.
While, the existing plan would be renamed as HDFC Cash Management Savings Plus Plan- Retail Option. Apart from being renamed, two new dividend options would also be introduced under the Retail plan: Daily Dividend and Monthly Dividend. The plan would not charge any entry or exit load.
Both, Retail and Wholesale Plan will share common portfolio.