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HDFC Asset Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs) / Key Information Memorandum (KIMs) of Select Schemes and Statement of Additional Information (SAI) of HDFC Mutual Fund (MF).

In common industry parlance, certain terms are often used interchangeably to describe similar features of mutual fund investments and/or withdrawal facilities. HDFC Mutual Fund has informed that the terms ‘SIP Top Up’ and ‘SIP Step Up’ refer to the same feature, and may therefore be used interchangeably. 

Similarly, the terms ‘Systematic Withdrawal Advantage Plan (SWAP)’ and ‘Systematic Withdrawal Plan (SWP)’ denote the same facility, and may also be used interchangeably. Investors are advised to understand these terms as having identical meaning wherever used in offer documents, application forms, sales literature and any other communications, or disclosures.