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

HDFC Mutual Fund has informed that in line with SEBI directions to standardize the disclosures made in respect of the Indicative portfolio in the offer documents of the close ended debt oriented mutual fund schemes, existing footnotes below “intended portfolio allocation table” of SIDs and KIMs of HDFC FMP 1158D July 2022- Series 46, HDFC FMP 1406D August 2022- Series 46, HDFC FMP 1359D September 2022- Series 46, HDFC FMP 1162D March 2022-Series 46, HDFC FMP 1861D March 2022- Series 46, HDFC FMP 1876D March 2022- Series 46, HDFC FMP 1204D December 2022- Series 47, HDFC FMP 1269D March 2023 - Series 47, HDFC FMP 2638D February 2023- Series 47, HDFC Charity Fund for Cancer Cur (the schemes) shall stand replaced with the disclosures with effect from October 31, 2023.

i. Securities with rating A and AA shall include A+ and A- & AA+ and AA- respectively. 

ii. Positive variation in investment towards higher credit rating in the same instrument shall be allowed. 

iii. In case of non-availability of and taking into account the risk-reward analysis of CPs, NCDs (including securitised debt), the scheme may invest in CDs and CBLO having equivalent or higher ratings. 

iv. At the time of building up the portfolio post NFO and towards the maturity of the Scheme, there may be a higher allocation to cash and cash equivalents. 

v. Subsequent to the initial portfolio construction, during the tenure of the Scheme, the above allocation may vary due to instances like coupon inflow, the instrument is called or bought back by the issuer, in anticipation of any adverse credit event, etc. 

vi. All investment shall be made based on the rating prevalent at the time of investment. However, in case of an instrument having dual ratings, the most conservative publicly available rating would be considered. 

vii. The Scheme will undertake investment in unrated instruments as mentioned in the intended allocation pattern table mentioned above under the column “Not Applicable”.

viii. Investments in derivatives, if any, shall be made as per the limits and restrictions mentioned in the SID. 

ix. In the event of any deviations from the floor and ceiling of credit ratings specified for any instrument, due to reasons other than those mentioned in points 2(i) to 2 (vi), the same shall be “rebalanced within 30 calendar days from the date of the said deviation.

The existing footnotes, if any, appearing elsewhere in the SID / KIM stand modified accordingly. All other terms and conditions of the aforesaid Schemes remain unchanged. SID / KIM of the aforesaid Schemes of the Fund stands updated with the above-mentioned change. This addendum shall form an integral part of the SID / KIM of the aforesaid Scheme of the Fund as amended from time to time.