Terms

Transactions

Distributors

I/we/Investor hereby agrees to have read, understood and accepts the following Terms & Conditions below that are corresponding to the transaction that I/we have chosen to undertake:

For Purchase Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood and agree to abide by all the terms, conditions, rules and regulations of the respective Scheme(s) under the Scheme Information Document(s) and Statement of Additional Information of HDFC Mutual Fund (hereinafter referred as “Offer Documents”) (Please visit the “Download” section on our website http://www.hdfcfund.com/to read) and hereby apply to the Trustee of HDFC Mutual Fund for allotment of Units of the said Scheme(s) of HDFC Mutual Fund, as indicated above. I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy (Please click here to read).
• I / We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
• In accordance with SEBI Circular Cir/IMD/DF/13/2011 dated August 22, 2011, as amended from time to time, for purchases/subscriptions of Rs. 10,000/- and above through a Distributor, Transaction Charges shall be deducted from the subscription amount as follows:
  • Rs. 150/- for a first time investor across mutual funds; or
  • Rs. 100/- for investor other than first time investor.
  • No Transaction Charges shall be deducted: (a) if the Distributor has not opted to receive any Transaction Charges; or (b) for purchases/subscriptions under Direct Plan (i. e., not through a Distributor).
• The Distributor has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
• I/We have not been offered/ communicated any indicative portfolio and/ or any indicative yield by the HDFC AMC/HDFC MF/ Distributor for this investment.
• Any request for transaction shall be time stamped consistent with the terms of the Offer Documents. The Net Annual Value (NAV) for purchase /redemption/switch shall be based on the time of the business day on which the application is received, and subject to the provisions of realisation of funds and cut off timings as described in the Offer Documents of HDFC MF. Any transactions entered after the cut off time shall be deemed to be received on the succeeding business day and shall be processed accordingly. The decision of HDFC AMC in this regard shall be final and binding on me/us.
• As per the provisions of SEBI circular SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020 and SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, specifies that in respect of purchase / switch-in of units, irrespective of the amount, the closing NAV (Net Asset Value) of the Business Day on which the funds are available for utilization (i.e. realization based NAV) shall be applicable. Funds for the entire amount of purchase / switch-in as per the application have to be credited to the bank account of the respective schemes before the cut-off time for the scheme. This revised rule shall be applicable to all scheme categories. This rule was already applicable to Liquid Fund and Overnight Fund.
• Further SEBI circular no.  SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020 specifies that the said guideline is effective for purchase/ switch-in applications received from February 1, 2021 onwards (which include subscription application received after cut-off timing on January 29, 2021)
• There could be a time lag between the amount of subscription being debited from your bank account and the subsequent credit into the respective schemes’ bank account. HDFC AMC or its bankers or its service providers will not be liable for the delay and consequent pricing of units.

For Redemption Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood and agree to abide by all the terms, conditions, rules, and regulations of the respective Scheme(s) under the Scheme Information Document(s) and Statement of Additional Information of HDFC Mutual Fund (hereinafter referred to as “Offer Documents”) (Please visit the “Download” section on our website http://www.hdfcfund.com/ to read). I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• Any request for transaction shall be time stamped consistent with the terms of the Offer Documents. The Net Annual Value (NAV) for purchase /redemption /switch shall be based on the time of the business day on which the application is received, and subject to the provisions of realisation of funds and cut off timings as described in the Offer Documents of HDFC MF. Any transactions entered after the cut off time shall be deemed to be received on the succeeding business day and shall be processed accordingly. The decision of HDFC AMC in this regard shall be final and binding on me/us.
• I/We shall be solely responsible for ensuring that all information provided to HDFC AMC/HDFC MF, including the bank account details, is accurate; and HDFC AMC/HDFC MF shall not be responsible to verify the accuracy of the information/details provided. I/We shall also be liable to inform HDFC AMC/HDFC MF/Registrar and Transfer Agent of any change in any details or information provided initially. If any incorrect bank account number is provided by me, the redemption proceeds could be credited to the said wrong bank account so provided by me/us and there is no guarantee of recovery of the same. HDFC AMC/HDFC MF shall not be held liable for any loss or damage that may be sustained by me/us on account of such error on my/our part.

 

I/WE HEREBY AGREE TO THE TERMS GIVEN BELOW:

• I/We have read, understood and agree to abide by all the terms, conditions, rules, and regulations of the respective Scheme(s) under the Scheme Information Document(s) and Statement of Additional Information of HDFC Mutual Fund (hereinafter referred to as “OfferDocuments”) (Please visit the “Download” section on our websitehttp://www.hdfcfund.com/to read). I hereby also confirm to have read, understood, and agree to abide by the Terms applicable to this Platform (Pleaseclickhereto read).
• Any request for transaction on the Platform shall be time stamped consistent with the terms of the Offer Documents. The Net Asset Value (NAV) for purchase /redemption /switch shall be based on the time of the business day on which the application is received on the Platform, and subject to the provisions of realisation of funds and cut off timings as described in the Offer Documents of schemes of HDFC Mutual Fund. Any transactions entered on the Platform after the cut off time shall be deemed to be receivedon the succeeding business day and shall be processed accordingly. The decision of HDFC AMC in this regard shall be final and binding on me/us.

 

Instant Access Facility (IAF)

Any valid request for redemptionfor a maximum of Rs. 50,000/-or 90% of the latest value of available units in the scheme, whichever is lower received through IAF on the Platform, in respect of HDFC Liquid Fund Scheme under the Growth Option of Regular Plan and Direct Plan, the credit of redemption proceeds into the registered bank account shall be instantly processed through Immediate Payment Service (IMPS) at any time or day of the week subject to the provisions of realisation of funds and cut off timings as described in the Offer Documents of HDFC MF as amended from time to time.The limit for the Scheme shall be applicable per day per investor at PAN level (First holder PAN level in case of joint holding).

• For the purpose of IAF, NAV applicable shall be as under:

o In respect of valid IAF request received up to 3.00 pm on a calendar day, the applicable NAV shall be the lower of
 (i) NAV of previous calendar day and
 (ii) NAV of calendar day on which the request is received;
o In respect of valid IAF request received after 3.00 pm on a calendar day, the applicable NAV shall be lower of
 (i) NAV of calendar day on which such request is received and
 (ii) NAV of the next calendar day

• I/We shall be solely responsible for ensuring that all information provided to HDFC AMC/HDFC MF, including the bank account details, is accurate, and HDFC AMC/HDFC MF shall not be responsible to verify the accuracy of the information/details provided. I/We shall also be liable to inform HDFC AMC/HDFC MF/Registrar and Transfer Agent of any change inany details or information provided initially. If any incorrect bank account number is provided by me, the redemption proceeds could be credited to the said wrong bank account so provided by me/us and there is no guarantee of recovery of the same. HDFC AMC/HDFC MF shall not be held liable for any loss or damage that may be sustained by me/us on account of such error on my/our part. IAF shall be available only to the resident individual investors whose complete CBS (Core Banking System) account number is registered in the folio along with IFSC code and wherein Investor’s bank is immediate payment service (IMPS) enabled.

 

The capitalised terms used but not defined herein shall have the same meaning ascribed to it under the general Terms and Conditions.

For Systematic Investment Plan (SIP) Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood and agree to abide by all the terms, conditions, rules and regulations relating to the respective Scheme(s), enrolment for SIP, and Direct Debit / Standing Instruction facilities or the One Time Mandate (OTM) facility as the case may be, under the Scheme Information Document(s), Statement of Additional Information, and the Key Information Memorandum of HDFC Mutual Fund as amended from time to time (hereinafter referred as “Offer Documents”)(Please visit the “Download” section on our website http://www.hdfcfund.com/ to read), and hereby apply to the Trustee of HDFC Mutual Fund to register my/our SIP and to allotthe Units of the said Scheme(s) of HDFC Mutual Fund, as indicated above. I hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• I / We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
• In accordance with SEBI Circular Cir/IMD/DF/13/2011 dated August 22, 2011, as amended from time to time, for purchases/subscriptions of Rs. 10,000/- and above through a Distributor, Transaction Charges shall be deducted from the subscription amount as follows:
  • Rs. 150/- for a first time investor across mutual funds; or
  • Rs. 100/- for investor other than first time investor.
  • No Transaction Charges shall be deducted: (a) if the Distributor has not opted to receive any Transaction Charges; or (b) for purchases/subscriptions under Direct Plan (i. e., not through a Distributor).
• The Distributor has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
• I/We have not been offered/ communicated any indicative portfolio and/ or any indicative yield by the HDFC AMC/HDFC MF/ Distributor for this investment.
• Units will be allotted on the applicable dates subject to realization of funds irrespective of the amount of investment. In case the date falls on a Non Business Day or falls during a book closure period, the immediate next Business Day will be considered for the purpose of determining the applicability of NAV subject to the realization of proceeds.
• In case my/our OTM is not already registered, SIP Registration shall be completed only upon successful registration of auto debit instructions in favour of HDFC MF with my/our bank account for payment of SIP instalments. In case of my/our failure to complete the registration of auto debit instructions within 10 days from the date of registration for SIP, HDFC AMC/HDFC MF shall reject my/our SIP registration and HDFC AMC/HDFC MF shall not liable for any loss or damage sustained by me/us on account of such rejection.

For Switch Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood and agree to abide by all the terms, conditions, rules and regulations of the respective Scheme(s)under the Scheme Information Document(s) of the respective Scheme(s) and Statement of Additional Information of HDFC Mutual Fund (hereinafter referred as “Offer Documents”)(Please visit the “Download” section on our website http://www.hdfcfund.com/ to read) andhereby apply to the Trustee of HDFC Mutual Fund for allotment of Units of the said Scheme(s) of HDFC Mutual Fund, as indicated above.I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• I/We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
• The Distributor has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
• I/We have not been offered/ communicated any indicative portfolio and/ or any indicative yield by the HDFC AMC/HDFC MF/ Distributor for this investment.
• Any request for transaction shall be time stamped consistent with the terms of the Offer Documents. The Net Annual Value (NAV) for purchase /redemption /switch shall be based on the time of the business day on which the application is received, and subject to the provisions of cut off timings as described in the Offer Documents of HDFC MF. Any transactions entered after the cut off time shall be deemed to be received on the succeeding business day and shall be processed accordingly. The decision of HDFC AMC in this regard shall be final and binding on me/us.
• As per the provisions of SEBI circular SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020 and SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, specifies that in respect of purchase / switch-in of units, irrespective of the amount, the closing NAV (Net Asset Value) of the Business Day on which the funds are available for utilization (i.e. realization based NAV) shall be applicable. Funds for the entire amount of purchase / switch-in as per the application have to be credited to the bank account of the respective schemes before the cut-off time for the scheme. This revised rule shall be applicable to all scheme categories. This rule was already applicable to Liquid Fund and Overnight Fund.
• Further SEBI circular no.  SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020 specifies that the said guideline is effective for purchase/ switch-in applications received from February 1, 2021 onwards (which include subscription application received after cut-off timing on January 29, 2021)

For Systematic Transfer Plan (STP)Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood, and agree to abide by all the terms, conditions, rules and regulations relating to the respective Scheme(s) under the Scheme Information Document(s), Statement of Additional Information, and the Key Information Memorandum of HDFC Mutual Fund as amended from time to time (hereinafter referred as “Offer Documents”)(Please visit the “Download” section on our website http://www.hdfcfund.com/ to read) and the terms and conditions for enrolment for STP (please click here to read), and hereby apply to the Trustee of HDFC Mutual Fund for enrolment under the STP and to allot the Units of the said Scheme(s) of HDFC Mutual Fund, as indicated above. I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• I/We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
• The Distributor has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
• I/We have not been offered/ communicated any indicative portfolio and/ or any indicative yield by the HDFC AMC/HDFC MF/ Distributor for this investment.

For Swing STP Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood, and agree to abide by all the terms, conditions, rules and regulations relating to the respective Schemes under the Scheme Information Document(s), Statement of Additional Information, and the Key Information Memorandum of HDFC Mutual Fund as amended from time to time (hereinafter referred as “Offer Documents”)(Please visit the “Download” section on our website http://www.hdfcfund.com/ to read) and the terms and conditions for enrolment for Swing STP (please click hereto read), and hereby apply to the Trustee of HDFC Mutual Fund for enrolment under the Swing STP and to allotthe Units of the said Scheme(s) of HDFC Mutual Fund, as indicated above. I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• I / We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
• The Distributor has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
• I/We have not been offered/ communicated any indicative portfolio and/ or any indicative yield by the HDFC AMC/HDFC MF/ Distributor for this investment.

 

For Systematic Withdrawal Advantage Plan (SWAP) Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood, and agree to abide by all the terms, conditions, rules and regulations relating to the respective Scheme(s) under the Scheme Information Document(s), Statement of Additional Information, and the Key Information Memorandum of HDFC Mutual Fund as amended from time to time (hereinafter referred as “Offer Documents”)(Please visit the “Download” section on our website http://www.hdfcfund.com/ to read) and the terms and conditions for enrolment for SWAP (please click hereto read), and hereby apply to the Trustee of HDFC Mutual Fund for enrolment under the SWAP of the said Scheme(s) of HDFC Mutual Fund, as indicated above. I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• I/We shall be solely responsible for ensuring that all information provided to HDFC AMC/HDFC MF, including the bank account details, is accurate, and HDFC AMC/HDFC MF shall not be responsible to verify the accuracy of the information/details provided. I/We shall also be liable to inform HDFC AMC/HDFC MF/Registrar and Transfer Agent of any change in any details or information provided initially. If any incorrect bank account number is provided by me, the redemption proceeds could be credited to the said wrong bank account so provided by me/us and there is no guarantee of recovery of the same. HDFC AMC/HDFC MF shall not be held liable for any loss or damage that may be sustained by me/us on account of such error on my/our part.

For Flex STP Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood, and agree to abide by all the terms, conditions, rules and regulations relating to the respective Schemes under the Scheme Information Document(s), Statement of Additional Information, and the Key Information Memorandum of HDFC Mutual Fund as amended from time to time (hereinafter referred as “Offer Documents”)(Please visit the “Download” section on our website http://www.hdfcfund.com/ to read) and the terms and conditions for enrolment for Flex STP (please click hereto read), and hereby apply to the Trustee of HDFC Mutual Fund for enrolment under the Flex STP and to allot the Units of the said Scheme(s) of HDFC Mutual Fund, as indicated above. I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• I/We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
• The Distributor has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
• I/We have not been offered/ communicated any indicative portfolio and/ or any indicative yield by the HDFC AMC/HDFC MF/ Distributor for this investment.

 

Flex Index Plan Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood, and agree to abide by all the terms, conditions, rules and regulations relating to the respective Schemes under the Scheme Information Document(s), Statement of Additional Information, and the Key Information Memorandum of HDFC Mutual Fund as amended from time to time (hereinafter referred as “Offer Documents”) (Please visit the “Download” section on our website http://www.hdfcfund.com/ to read) and the terms and conditions for enrolment for Flex Index Plan (please click here to read), and hereby apply to the Trustee of HDFC Mutual Fund for enrolment under the Flex Index Plan and to allot the Units of the said Scheme(s) of HDFC Mutual Fund, as indicated above. I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• I / We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
• The Distributor has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
• I/We have not been offered/ communicated any indicative portfolio and/ or any indicative yield by the HDFC AMC/HDFC MF/ Distributor for this investment.

 

For Dividend Transfer Plan (DTP) now called TIP Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood, and agree to abide by all the terms, conditions, rules and regulations relating to the respective Scheme(s) under the Scheme Information Document(s), Statement of Additional Information, and the Key Information Memorandum of HDFC Mutual Fund as amended from time to time (hereinafter referred as “Offer Documents”)(Please visit the “Download” section on our website http://www.hdfcfund.com/ to read) and the terms and conditions for enrolment for DTP (please click hereto read), and hereby apply to the Trustee of HDFC Mutual Fund for enrolment under the DTP and to allot the Units of the said Scheme(s) of HDFC Mutual Fund, as indicated above. I hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• Irrespective of my/our enrolment for DTP, if the dividend in the Source Scheme is less than Rs. 500/-, the dividend will be automatically reinvested in the Source Scheme and shall not be invested in the Target Scheme.
• I / We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment.
• The Distributor has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
• I/We have not been offered/ communicated any indicative portfolio and/ or any indicative yield by the HDFC AMC/HDFC MF/ Distributor for this investment.

 

For Roll over Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood, and agree to the features, terms, conditions, rules, and regulations relating to the Roll over of the Scheme as stated in the Addendum published by HDFC AMC/HDFC MF in this regard and hereby provide my/our consent thereto.
• I/We have read, understood, and agree to abide by all the terms, conditions, rules and regulations relating to the respective Schemes under the Scheme Information Document(s), Statement of Additional Information, and the Key Information Memorandum of HDFC Mutual Fund as amended from time to time (hereinafter referred as “Offer Documents”)(Please visit the “Download” section on our website http://www.hdfcfund.com/ to read). I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy(Please click here to read).
• All declarations/confirmation provided by me/us during the initial subscription to the Scheme(s) shall continue to be applicable with respect to this consent for Roll over and shall continue to be binding on me/us.
• Even after my/our consent to the rollover as conveyed herein, the Roll over may not materialize depending on restrictions under extant provisions of applicable laws/regulations or any other reason whatsoever. HDFC AMC/HDFC MF shall not be held liable for any loss or damage whatsoever that may be sustained by me/us as a result non-occurrence of the Roll over.
• I/We have neither received nor been induced by any rebate or gifts, directly or indirectly, in making this investment or in providing this consent.
• The Distributor has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him/them for the different competing Schemes of various Mutual Funds from amongst which the Scheme is being recommended to me/us.
• I/We have not been offered/ communicated any indicative portfolio and/ or any indicative yield by the HDFC AMC/HDFC MF/ Distributor for this investment or in relation to this consent.

 

For SMART Systematic Withdrawal Advantage Plan (SWAP) Transactions

I/We hereby agree to the terms given below:

• I/We have read, understood, and agree to abide by all the terms, conditions, rules and regulations relating to the respective Scheme(s) under the Scheme Information Document(s), Statement of Additional Information, and the Key Information Memorandum of HDFC Mutual Fund as amended from time to time (hereinafter referred as “Offer Documents”)(Please visit the “Download” section on our website http://www.hdfcfund.com/ to read) and the terms and conditions for enrolment for SWAP (please click hereto read), and hereby apply to the Trustee of HDFC Mutual Fund for enrolment under the SWAP of the said Scheme(s) of HDFC Mutual Fund, as indicated above. I/we hereby also confirm to have read, understood, and agree to abide by the Privacy Policy (Please click here to read).
• I/We shall be solely responsible for ensuring that all information provided to HDFC AMC/HDFC MF, including the bank account details, is accurate, and HDFC AMC/HDFC MF shall not be responsible to verify the accuracy of the information/details provided. I/We shall also be liable to inform HDFC AMC/HDFC MF/Registrar and Transfer Agent of any change in any details or information provided initially. If any incorrect bank account number is provided by me, the redemption proceeds could be credited to the said wrong bank account so provided by me/us and there is no guarantee of recovery of the same. HDFC AMC/HDFC MF shall not be held liable for any loss or damage that may be sustained by me/us on account of such error on my/our part.