MFIs/MFDs/RIAs are hereby informed that we have received communication from DHFL Mutual Fund regarding merger of “DHFL Pramerica Floating Rate Fund (Transferor Scheme) into DHFL Pramerica Ultra Short-Term Fund (Transferee Scheme)” & “DHFL Pramerica Medium Term Fund (Transferor Scheme) into DHFL Pramerica Credit Risk Fund (Transferee Scheme)”. The merger shall be effective after the close of business hours on June 21, 2019.
Further, as per notice cum addendum issued by DHFL AMC, the investor who are not in favour of the above scheme merger can redeem their investments or switch to other Schemes Before the close of business hours on June 21, 2019 through BSE star MF platform.
Also, with effect from June 21, 2019 the Transferor schemes shall cease to exist & SIP/XSIP/STP/SWP registered will get shifted to Transferee scheme i.e. DHFL Pramerica Ultra Short-Term Fund & DHFL Pramerica Credit Risk Fund.
The notice cum addendum issued by DHFL Pramerica AMC & details of the schemes are attached in Annexure.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Fund Assistant General Manager – Mutual Funds |