HDFC AMC announces change in sponsor
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HDFC Asset Management Company (AMC) has announced Addendum to the Scheme Information Documents (SIDs) / Key Information Memorandums (KIMS) of all Schemes / Statement of Additional Information (SAI) of HDFC Mutual Fund.
HDFC Mutual Fund has informed that with reference to its notice-cum-Addendum dated May 12, 2023 informing about the proposed change in control of HDFC Asset Management Company (HDFC AMC) and change in Sponsor of HDFC Mutual Fund on account of the proposed merger of Housing Development Finance Corporation (HDFC) with and into HDFC Bank. Further to the same, HDFC and HDFC Bank (HDFC Bank / the Bank) have now announced the effective date of the merger as July 1, 2023. Consequently, HDFC has ceased to be the Sponsor and HDFC Bank has become the Sponsor of HDFC Mutual Fund with effect from July 1, 2023 (Effective Date). Further, the information about the Sponsor in SAI / SID / KIM (as applicable) shall stand updated from the Effective Date.
All other information in SAI / SID & KIMs shall remain unchanged. This addendum shall form an integral part of the SIDs / KIMs / SAI, as amended from time to time.
