HDFC AMC informs about right to restrict transactions
HDFC Asset Management Company (AMC) has announced addendum to Statement of Additional Information (SAI) of HDFC Mutual Fund.
HDFC Mutual Fund has informed that the following point shall be added under Section V B - Special Considerations: In accordance with circular no.35P/MEM-COR/57/2023-24 dated September 08, 2023, any decision of HDFC Asset Management Company (the AMC) about the eligibility or otherwise of a person to transact under the scheme shall be final and binding on the applicant. The AMC shall have the right to accept and / or to reject or to compulsorily redeem any transaction at its sole discretion, if any investor is found to misuse any of the transaction facilities leading to financial loss to Mutual Fund or other investors or for any other reason it believes that it would not be in the best interest of any Scheme of HDFC Mutual Fund or its Unitholders to accept any application.
This addendum shall form an integral part of the SAI of HDFC Mutual Fund as amended from time to time.
