03-08-2023 12:48 PM | Source: Accord Fintech
HDFC AMC announces change in Risk-o-meters under various schemes
News By Tags | #85 #392

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

HDFC Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID) / Key Information Memorandum (KIM) of Schemes of HDFC Mutual Fund (MF).

In compliance with SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/197 dated October 05, 2020, the Risk-o-meters of the following Schemes of HDFC MF stand revised as follows: For the HDFC Floating Rate Debt Fund, Existing Risk-o-meter is ‘Low to Moderate’, while Revised Risk-o-meter is ‘Moderate’ & For the HDFC Money Market Fund, Existing Risk-o-meter is ‘Moderate’, while Revised Risk-o-meter is ‘Low to Moderate’. The above Risk-o-meter is based on evaluation of risk level of Scheme’s portfolios as at February 28, 2023.

All other details of the Product Label and all other terms and conditions of the aforesaid Scheme remain unchanged. This addendum shall form an integral part of the SID / KIM of the aforesaid Scheme of the Fund as amended from time to time.