HDFC Liquid Fund

FAQs

• 1. What is HDFC Liquid Fund?

  

  An Open-ended Liquid Scheme. A Relatively Low Interest Rate Risk and Moderate Credit Risk.    
  Investment Objective of the scheme - To generate income through a portfolio comprising money market and debt instruments. 

  For more information refer to the SID
  There is no assurance that the investment objective of the Scheme will be achieved.
   

• 2. Can I redeem my investment anytime?

  

  Units of the scheme can be redeemed/switched out on any Business day at NAV based prices.

  
  For Redemption (including switch-out) applications

  
  • In respect of valid applications received upto 3.00 p.m. on a Business Day which is followed by a Business Day, same Business Day’s closing NAV shall be applicable.
  •    In respect of valid applications received upto 3.00 p.m. on a Business Day which is followed by a Non-Business day, the closing NAV of the day immediately preceding the next Business Day shall be applicable.
  • In respect of valid applications received after 3.00 p.m., the NAV applicability shall be same as for applications received up to 3.00 p.m. on the next Business day, as specified above.

  Transactions through online facilities / electronic modes: 

  
  The time of transaction done through various online facilities / electronic modes offered by the AMC, for the purpose of determining the applicability of NAV, would be the time when the request for purchase / sale / switch of units is received in the servers of AMC/RTA.

  
  Note: Business Day does not include a day on which the Money Markets are closed or otherwise not accessible. 
  The AMC has the right to amend cut off timings subject to SEBI (MF) Regulations for the smooth and efficient functioning of the Scheme.
   

• 3. How is liquid fund different from a savings account?

  

  HDFC Liquid Fund aims to generate income over short term through a portfolio comprising money market and debt instruments with investment in Debt and Money Market instruments with residual maturity upto 91 days only.

  
  Unlike a Savings Account, the returns of Liquid Funds are market linked, in line with the underlying instruments.

  For more information refer to the SID

• 4. What is the exit load structure of HDFC Liquid Fund?

  

  Units redeemed/switched out within “X” days from the days of allotment	Exit load as a % of redemption proceeds
  Day 1 (refer note 1 below)	0.01%
  Day 2	0.01%
  Day 3	0.01%
  Day 4	0.01%
  Day 5	0.01%
  Day 6	0.00%
  Day 7 onwards	Nil

  Note 1: For the purpose of levying exit load, if subscription (application & funds) is received within cut-off time on a day, Day 1 shall be considered to be the same day, else the day after the date of allotment of units shall be considered as Day 1.

  
  In respect of Systematic Transactions such as SIP, STPs etc., if any, prevailing on the date of registration/enrolment shall be levied. However, for STPs into HDFC Liquid Fund registered prior to October 19, 2019, exit load will be levied on installments invested into the scheme on or after October 19, 2019.

  
  In respect of Systematic Transactions such as SIP, STPs etc., Exit Load, if any, prevailing on the date of registration / enrolment shall be levied    
   

   

• 5. How much do I need to start investing?

  

  Minimum Application Amount/ Switch In: 

  
  Growth Option: Rs.100/- and any amount thereafter.
  Daily IDCW Option: Rs.10,000/- and any amount thereafter.
  Weekly IDCW Option and Monthly IDCW Option: Rs.5,000/- and any amount thereafter. 
  Note: Allotment of units will be done after deduction of applicable stamp duty, If any.