Saturday, August 29, 2009

HSBC MF Revises Exit Load Structure For Various Funds .

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Date : Aug-28-2009

HSBC Mutual Fund has revised the exit load structure for HSBC Equity Fund as well as HSBC India Opportunities Fund, HSBC Progressive Themes Fund, HSBC Midcap Equity Fund, HSBC Emerging Markets Fund, HSBC Dynamic Fund. The change will take effect from August 28, 2009.
As per the revised exit load structure (including HSBC SIP/HSBC STP/HSBC SIP Plus)

An exit load of 1% will be charged if units are redeemed / switched out within 1 year from the date of investment. However, the exit load will be nil if redeemed / switched out after 1 year

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