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

HDFC Mutual Fund has informed it has been decided to carry out revisions in the Scheme Information Document(s) (SIDs) / Key Information Memoranda (KIMs) of HDFC Equity Savings Fund & HDFC Charity Fund for Cancer Cure of HDFC Mutual Fund with effect from September 13, 2023. 

(A) Existing Exit Load of HDFC Equity Savings Fund, (An open ended scheme investing in equity, arbitrage and debt) is In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed without any exit load from the date of allotment. However, please note that the Units will be redeemed on First In First Out (FIFO) basis. Any redemption in excess of the above limit shall be subject to the following exit load: Exit Load of 1.00% is payable if Units are redeemed / switched-out within 3 months from the date of allotment of units. No Exit Load is payable if Units are redeemed / switched-out after 3 months from the date of allotment.

Revised Exit Load of HDFC Equity Savings Fund, (An open ended scheme investing in equity, arbitrage and debt) is In respect of each purchase / switch-in of Units, upto 15% of the units may be redeemed without any exit load from the date of allotment. However, please note that the Units will be redeemed on First In First Out (FIFO) basis. Any redemption in excess of the above limit shall be subject to the following exit load: Exit Load of 1.00% is payable if Units are redeemed / switched-out within 1 month from the date of allotment of units. No Exit Load is payable if Units are redeemed / switched-out after 1 month from the date of allotment.

The aforesaid change will be applicable on a prospective basis to all subscriptions including Systematic Transactions such as SIP, Flex SIP, STP, Flex STP, Swing STP, Flexindex where registrations / enrolments have been done on or after the Effective Date. The AMC reserves the right to change / modify the Load Structure at a later date on a prospective basis.

(B)  It is proposed the Record date for distribution of IDCW at half yearly frequency under the Income Distribution and Capital Withdrawal (IDCW) Options under HDFC Charity Fund for Cancer Cure on 21st day of every May and November, subject to availability of distributable surplus, as computed in accordance with SEBI (MF) Regulations or immediately succeeding Business Day if that is not a Business Day.

All other terms & conditions of the aforesaid Scheme(s) will remain unchanged. This addendum shall form an integral part of the SID(s) / KIM(s) of the aforesaid Scheme(s) of the Fund as amended from time to time.