HDFC Mutual Fund has decided to revise the exit load structure under HDFC Medium Term Opportunities Fund with effect from 16 February 2012.
Accordingly, the revised exit load charge will be as follows:
In respect of each purchase / switch - in of units, an exit load of 2% is payable if units are redeemed / switched out within 12 months from the date of allotment.
In respect of each purchase / switch - in of units, an exit load of 1% is payable if units are redeemed / switched out after 12 months but within 18 months from the date of allotment.
No exit load is payable if units are redeemed / switched - out after 18 months from the date of allotment.
HDFC Medium Term Opportunities Fund is an open ended income scheme which has the investment objective to generate regular income through investments in Debt/Money Market Instruments and Government Securities with maturities not exceeding 60 months.