This is with reference to Notice No. 20230608-1 dated June 08, 2023, regarding Discontinuation of fresh subscription and restrictions on SIP under HDFC Defence Fund on BSE StAR MF Platform.
MFIs/MFDs/RIAs/RFDs are hereby informed that we have received communication from HDFC Mutual Fund regarding discontinuation of fresh Systematic Investment Plan (“SIP”) under HDFC Defence Fund with effect from July 22, 2024, on BSE StAR MF Platform.
Further, the following has been decided in the Scheme at HDFC Mutual Fund end.
- Requests for Fresh Systematic Investment Plan (SIP) registrations in the Scheme shall not be accepted from July 22, 2024, i.e. the Effective Date.
- SIPs registered prior to the Effective Date shall continue to be processed.
- Systematic transactions already registered will continue to be processed.
As intimated by HDFC AMC, Redemption, Switch out, SWP & STP out facility under HDFC Defence Fund shall be available on BSE StAR MF Platform.
The notice cum addendum issued by HDFC AMC is attached.
Ketan Jantre Zeeta Eustace
Head - Trading Operations Additional General Manager – Mutual Funds |