HDFC AMC announces change in Minimum Application amount in ETF
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HDFC Asset Management Company (AMC) has announced Addendum to the Scheme Information Documents (SIDs) / Key Information Memorandums (KIMs) of all Exchange Traded Funds of HDFC Mutual Fund.
HDFC Mutual Fund has informed that the minimum application amount for Large Investors for redemption or subscription into Exchange Traded Funds (ETF) directly with the Fund is above Rs 25 crore and in multiples of Creation Unit Size. Further, pursuant to SEBI Clarification dated April 28, 2023, the said threshold limit shall not be applicable to the Schemes managed by Employee Provident Fund Organisation, India & Recognised Provident Funds, approved gratuity funds and approved superannuation funds under Income tax act, 1961 (Investors) till October 31, 2023. Until October 31, 2023, the above category of investors may transact in multiples of Creation Unit Size with the Fund in the ETFs.
All other terms and conditions of the SID / KIM of the above-mentioned Scheme(s) will remain unchanged. This addendum shall form an integral part of the SID / KIM of the above-mentioned Scheme(s) as amended from time to time.
