Erstwhile ITC High Interest, the scheme aims at income generation by investing at least 95 per cent of the corpus in fixed income and money market instruments. Besides change in the name the scheme has also, changed hands from ITC Threadneedle AMC to Zurich India AMC.
An Open-ended Income Scheme - Current Load Structure : Entry Load: Not Applicable; Exit Load : In respect of each purchase/switch-in of units from allotment date, 0.50% if units are redeemed/swtiched-out within 6 month; No Exit Load if units are redeemed /switched-out after 6 month. Applicable for the subscriptions made w.e.f. 10-AUGUST-2015. The rate of exit load levied on units redeemed/switched-out will be the rate prevailing at the time of allotment of the units. For further details visit www.hdfcfund.com or contact any of our Investor Service Centre. Service Tax registration number : AAATH1809ASD001.
Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI. Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.