HDFC Mutual Fund has planned to revise the exit load structure under its scheme HDFC Short Term Plan. As per the revision, scheme will charge an exit load of 0.50 per cent if the investments are redeemed within 6 months from the date of allotment. The revision will be effective from 01st July, 2010. Currently the scheme charges 0.50 per cent of exit load if the investments are redeemed within 3 months from the date of allotment. HDFC Short Term Plan is an open ended income scheme with the investment objective to generate regular income through investment in debt securities and money market instruments. The scheme is managed by Mr. Anil Bamboli and Mr. Anand Laddha and benchmarked against CRISIL Short-Term Bond Fund Index.
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