HDFC Mutual waives loads for FIIs

HDFC would not charge entry or exit loads for FIIs in six schemes from September 22.

Sep 19, 2006, 01.28 PM IST

MUMBAI: HDFC Asset Management Company Ltd said on Tuesday it would not charge entry or exit loads on investments made by foreign institutional investors (FIIs) and their sub-accounts under six of its equity funds. The funds are HDFC Equity, HDFC Top 200, HDFC Capital Builder, HDFC Growth, HDFC Premier Multi-Cap and HDFC Core & Satellite.

The changes would come into effect from Sept 22, said the fund house, which had about Rs 242 billion of assets under management at August end.

On Monday, Franklin Templeton Asset Management (India) Pvt Ltd had announced waiver of entry and exit loads for FIIs under its Franklin India Prima Plus fund.

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