HSBC Mutual Fund has announced revision in the exit load for all investments (including SIP / STP) under HSBC Floating Rate Fund – Long Term Plan. As per the change, an exit load of 0.25% will be charged under regular option if units are redeemed within 3 months. There will no exit load for the institutional option. The revision is effective from February 13, 2009.
In a related development, HSBC Mutual Fund has announced introduction of weekly dividend option under HSBC Floating Rate Fund – Long Term Plan – Regular Option. The fund will now have weekly and monthly dividend options.
DSP BlackRock has been declared as the best fund group (three years) in the Lipper Fund award. It also bagged the award for best equity fund (three years).
Canara Robeco won the best bond fund award (three years), while Birla Sun Life topped in the mixed Assets fund category (three years).