HDFC AMC announces change in Benchmark Index of Multi-Asset Fund
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HDFC Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID) / Key Information Memorandum (KIM) of HDFC Multi-Asset Fund.
As advised by SEBI vide its circular, mutual fund schemes have to adopt uniform benchmarks as notified by AMFI from time to time. Pursuant to framework issued in this regard by SEBI and AMFI, HDFC Mutual Fund has informed that the Benchmark Index of HDFC Multi-Asset Fund (‘the Scheme’) under the scheme category ‘Multi Asset Allocation’ stands revised from ‘90% NIFTY 50 Hybrid Composite Debt 65:35 Index + 10% Domestic Price of Gold (Total Returns Index)’ to ‘65% Nifty 50 TRI + 25% Nifty Composite Debt Index + 10% Price of Domestic Gold’ with effect from July 26, 2023.
All other terms and conditions of the Scheme of HDFC Mutual Fund ('the Fund') will remain unchanged. This addendum shall form an integral part of the SID/ KIM of the Scheme of the Fund as amended from time to time.
