08th June 2018
Dear Partner,
This is to inform you that below HDFC schemes has been merged by AMC with effective June 01, 2018.
For units held in Demat mode, Corporate Action to extinguish old units & allot units in new scheme is not yet completed by HDFC Mutual Fund. Due to same all E-Wealth registered SWP transaction for installment date June 05, 2018 are not processed. Same shall be processed as soon as Corporate action is completed by AMC which is expected within 2-3 days and payout will be released accordingly. Till then, redemption facility also not available in old schemes.
You are requested to inform your clients.
Merged scheme name:
Old Scheme Name | New Scheme Name |
HDFC Balanced Fund - Div-Payout | HDFC Hybrid Equity Fund - Regular Plan - Dividend Payout |
HDFC Balanced Fund - Div-Reinvest | HDFC Hybrid Equity Fund - Regular Plan - Dividend Reinvestment |
HDFC Balanced Fund Gr-Growth | HDFC Hybrid Equity Fund - Regular Plan - Growth |
HDFC Prudence Fund - Div-Payout | HDFC Balance Advantage Fund - Regular Plan - Dividend Payout |
HDFC Prudence Fund - Div-Reinvest | HDFC Balance Advantage Fund - Regular Plan - Dividend Reinvestment |
HDFC Prudence Fund - Gr.-Growth | HDFC Balance Advantage Fund - Regular Plan - Growth |
Please feel free to contact NJ Customer care for more details.
Warm Regards,
NJ IndiaInvest Pvt Ltd.