Blog & News

Merger of HDFC schemes

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.

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