MFIs/MFDs/RIAs/RFDs are hereby informed that we have received communication from HDFC Mutual Fund regarding Discontinuation of Lumpsum subscription and restrictions on Systematic Transactions in HDFC NIFTY Realty Index Fund on BSE StAR MF Platform with effect from April 08, 2024
Further, as intimated by HDFC AMC limitation on subscription of units under HDFC NIFTY Realty Index Fund has been set at RTA/AMC end in the following manner.
- Fresh lumpsum investments (including additional purchases and Switch-ins) will be discontinued.
- Fresh registrations through Systematic Investment Plan (“SIP”) & or STPs (into the Scheme) etc. shall be registered only under Monthly Frequency for an amount upto Rs. 1,00,000/- per investor (aggregated at First holder PAN Level).
Members are hereby advised to adhere above points for investment under HDFC NIFTY Realty Index Fund to avoid rejections & refund payout to clients.
Also, as confirm by HDFC AMC, the existing systematic registrations (SIP’s & STP’s registered) on BSE StAR MF Platform prior to the effective date under aforesaid scheme will continue to get process at AMC/RTA end.
The notice cum addendum issued by HDFC AMC is attached.
Ketan Jantre Zeeta Eustace
Chief General Manager – Mutual Funds Additional General Manager – Mutual Funds |