HDFC Mutual Fund will introduce HDFC Flex systematic investment plan for investments under the growth option plan of open-ended equity and balanced funds, with effect from April 3, the mutual fund house said in an addendum.
Under this facility, unit holders can choose to make investment at predetermined intervals, wherein the installment amount will be set by a formula linked to the investment value. The first instalment amount will be that fixed by investors. The next instalment will be higher than the fixed instalment amount set by an investor, or the amount derived by applying the formula.
