HSBC MF hikes exit load in two schemes

Exit load in Short Term Plan & Flexi Debt Fund raised to 0.50% from 0.25%; will apply to redemptions made within 6 months

Mumbai: HSBC Mutual Fund has revised the exit load structure under HSBC Short Term Plan & HSBC Flexi Debt Fund with effect from September 1, 2011.

After the revision, both schemes will charge 0.50 per cent as exit load, if units are redeemed within 6 months from the date of allotment. Currently, these schemes charge 0.25 per cent as exit load, if units are redeemed within 3 months from date of allotment.