HDFC Mutual Fund to discontinue lumpsum subscription and restrict systematic transactions in defence fund
HDFC Mutual Fund has announced the discontinuation of lumpsum subscriptions and restrictions on systematic transactions in HDFC Defence Fund.
The fund house informed about the same to its unitholders through notice-cum-addendum. The changes will be effective from July 22.
The fund house mentioned that the requests for fresh systematic investment plan (SIP) registrations in the scheme shall not be accepted from the effective date. The fresh lumpsum investments (including switch-ins) and fresh systematic transfer registrations into the scheme will continue to be restricted. SIPs registered prior to the effective date shall continue to be processed and systematic transactions already registered will continue to be processed.
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HDFC Mutual Fund further mentioned that there shall be no restrictions on redemptions / switch-outs / STP-outs.
The addendum mentioned that they have referred to their addendum dated June 6, 2023 on discontinuation of lumpsum subscriptions and restrictions on systematic transactions in HDFC Defence Fund.
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.
HDFC Mutual Fund, which mobilised Rs 1,000 crores in a new fund
