This is with reference to Notice No. 20230607-44 dated June 07, 2023 regarding availability of HDFC DEFENCE FUND for ongoing transactions on BSE StAR MF Platform.
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 under HDFC Defence Fund with effect from June 12, 2023 on BSE StAR MF Platform.
The discontinuation of fresh subscription and restrictions on Systematic transactions under HDFC Defence Fund are provided below.
- Fresh subscription through Lumpsum/additional investment (Including Switch In) under said scheme shall not be accepted.
- New Systematic Transfers (STPs) into the scheme shall not be registered.
- Fresh/New registrations through Systematic Investment Plan (“SIP”) will be allowed/ accepted as per maximum amount cap provided below for per investor (Aggregated at First holder PAN Level).
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SIP Frequency
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The maximum cap for SIP
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Monthly
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Rs. 10000/-
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Members are hereby note that lumpsum/additional purchase shall be accepted till June 09, 2023 upto 2:30 PM on BSE StAR MF Platform & ensure that fund confirmation uploaded/received successfully in ICCL account before 2:30 PM on June 09, 2023. Orders available in provisional report till June 09, 2023 where fund confirmation not been uploaded/received successfully in ICCL account before 2:30 PM of June 09, 2023 will be getting rejected from Registrar & Transfer Agent (RTA) & refund will be done to client for funds received transactions.
Further, as intimated by HDFC AMC, Redemption, Switch out, SWP & STP out facility under HDFC Defence Fund shall be available on BSE StAR MF Platform. Also, systematic registrations (SIP/XSIP/ISIP/STP/SWP) done prior to the effective date shall continue to be processed under said scheme.
The notice cum addendum issued by HDFC AMC is attached.
Ketan Jantre Zeeta Eustace
Chief General Manager – Mutual Funds Dy. General Manager – Mutual Funds |