MUTUAL FUNDS
HDFC AMC announces change in provision of Direct Transaction in ETFs
May-06-2024

HDFC Asset Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs) / Key Information Memorandums (KIMs) of all Exchange Traded Funds of HDFC Mutual Fund.

HDFC Mutual Fund has informed that, in view of SEBI letter dated April 26, 2024, the applicability of requirement of Minimum application amount of Rs 25 crore for transactions (Purchase / redemptions) directly with the Fund in its Exchange Traded Funds, stands extended till October 31, 2024 for the following investors: a) Schemes managed by Employee Provident Fund Organisation, India and b) Recognised Provident Funds, approved gratuity funds and approved superannuation funds under Income tax act, 1961. Until October 31, 2024, the above category of investors may transact in multiples of Creation Unit Size with the Fund in the ETFs.

All other terms and conditions of the SID / KIM of the above-mentioned Scheme(s) will remain unchanged. This addendum shall form an integral part of the SID / KIM of the above-mentioned Scheme(s) as amended from time to time.


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