HDFC AMC announces Discontinuation of Lumpsum subscriptions and restrictions on Systematic Transactions in Defence Fund
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HDFC Asset Management Company (AMC) has announced Addendum to the Scheme Information Document (SID) / Key Information Memorandum (KIM) of the scheme.
With reference to its addendum dated June 6, 2023 on discontinuation of Lumpsum subscriptions and restrictions on Systematic Transactions in HDFC Defence Fund (‘the Scheme’). Further to the same, HDFC Mutual Fund has informed that the following has been decided in the Scheme with effect from July 22, 2024 (the Effective Date): 1. Requests for Fresh Systematic Investment Plan (SIP) registrations in the Scheme shall not be accepted from the Effective Date. 2. Fresh lumpsum investments (including Switch-ins) and fresh Systematic Transfer registrations into the Scheme will continue to be restricted. 3. SIPs registered prior to the Effective Date shall continue to be processed. 4. Systematic transactions already registered will continue to be processed. However, there shall be no restrictions on Redemptions / switch-outs / STP-outs.
All other terms and conditions as mentioned in the Scheme Information Document (SID) / Key Information Memorandum (KIM) of the Scheme will remain unchanged. This addendum shall form an integral part of the Scheme Information Document / Key Information Memorandum of the above-mentioned Scheme as amended from time to time.
