MUTUAL FUNDS
HDFC AMC announces Discontinuation of levying exit load for switch of investments from Regular Plan to Direct Plan
Apr-21-2025

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

HDFC Mutual Fund has informed that, as per AMFI’s communication dated April 09, 2025, AMCs are required to discontinue the practice of levying exit load for switch of investments from Regular Plan to Direct Plan under the same Scheme. Accordingly, the below mentioned provisions in the SID, KIM and SAI shall stand revised as under for switches with effect from April 21, 2025.

Existing provision: (i) No exit load shall be levied for switching between Options under the same Plan within the Scheme. (ii) Switch of investments from Regular Plan to Direct Plan under the same Scheme/ Plan shall be subject to applicable exit load, unless the investments were made directly i.e. without any distributor code. However, any subsequent switch-out or redemption of such investments from Direct Plan will not be subject to any exit load. (iii) No exit load shall be levied for switch-out from Direct Plan to Regular Plan under the same Scheme/ Plan. However, any subsequent switch-out or redemption of such investment from Regular Plan shall be subject to exit load based on the original date of investment in the Direct Plan. 

Revised provision: No Exit Load shall be levied for switching between Plans / Options within the Scheme. However, exit load will be applicable if the units are switched-out / redeemed from the Scheme within the exit load period from the initial date of purchase.

All other terms & conditions of the Scheme(s) will remain unchanged. This addendum forms an integral part of the SIDs, KIMs of all the Schemes which have Regular/ Direct Plan along with exit load and SAI as amended from time to time.



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