HDFC Mutual Fund has introduced HDFC FLEXINDEX Plan under its debt / liquid schemes.
The introduced plan will provide a facility to unit holders under the debt / liquid schemes of the HDFC Mutual Fund (Source Schemes) to automatically transfer a portion of their investment into equity schemes of HDFC Mutual Fund (Target Schemes) on the trigger dates occurring during the period of 1 year from the date of registration.
Unit holders of the Source Scheme(s) have to set triggers based on the index reaching or crossing of a closing level, as specified by the unit holder. The plan offers Flexible Investment option and Fixed Investment option. Under Flexible installment option minimum of 10% and in multiples of 1% thereafter is to be indicated against each index level trigger and under Fixed Installment option, a fixed installment of 25% against each Index level trigger is to be indicated.
The move will be effective from February 25, 2009.
Source: http://freepress.in/business/hdfc-announces-introduction-of-hdfc-flexindex-plan/
The introduced plan will provide a facility to unit holders under the debt / liquid schemes of the HDFC Mutual Fund (Source Schemes) to automatically transfer a portion of their investment into equity schemes of HDFC Mutual Fund (Target Schemes) on the trigger dates occurring during the period of 1 year from the date of registration.
Unit holders of the Source Scheme(s) have to set triggers based on the index reaching or crossing of a closing level, as specified by the unit holder. The plan offers Flexible Investment option and Fixed Investment option. Under Flexible installment option minimum of 10% and in multiples of 1% thereafter is to be indicated against each index level trigger and under Fixed Installment option, a fixed installment of 25% against each Index level trigger is to be indicated.
The move will be effective from February 25, 2009.
Source: http://freepress.in/business/hdfc-announces-introduction-of-hdfc-flexindex-plan/
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