HDFC mutual fund has revised minimum application amount in the wholesale option under HDFC Floating Rate Income Fund-Short Term Plan. The changes will be effective from 24 March 2008. The Minimum application amount under each option (growth and dividend) for existing investors was Rs 1 crore and in multiples of Re 1 thereafter. As per revised provision, the minimum application amount for existing investors would be Re 1 and in multiples of Re 1 thereafter.
There will be no change in application amount for new investors as it was Rs 1 crore and in multiples of Re 1 thereafter.
Powered byCapital Market - Live News