Transaction Charges for Investments through Distributors
What is the amount of transaction charges to be paid by me?
The amount of transaction charges depends on the amount of investment, type of investor (existing / new) and whether the distributor, if any, has opted for receiving transaction charges.
a) If you are an existing investor in any Mutual Fund, you will be charged 
100 as transaction charge per purchase transaction / SIP registration of 10,000 or above. No transaction charge is applied on purchase transactions below 10,000 and on switches / redemptions / STP registrations.
b) If you are a new investor in Mutual Funds, you will be charged 150 as transaction charge per purchase transaction / SIP registration of 10,000 and above.
c) In case of SIP registrations, the transaction charge shall be applicable only if the total commitment amount through SIP is 10,000 or above. The transaction charges will be recovered in 4 installments.
d) No charges will be applied to your transaction if you do not use a distributor for that transaction or if your distributor has opted-out of receiving transaction charges.
What is the transaction charge for direct investments?
Transaction charges are not applicable for direct investments.
Is it compulsory that I pay transaction charges?
If the purchase transaction / SIP registration of 10,000 and above is processed through a distributor who has opted to receive transaction charges, transaction charges will have to be paid by you.
I wish to switch my existing investment into a new scheme. Will transaction charges be payable by me?
No. Transaction charges are applicable only for purchase transaction / SIP registration. Hence, you don't have to pay transaction charges for switches.
Will transaction charges be applicable for all schemes?
Yes. Transaction charges are payable on purchase transaction / SIP registration in all categories of schemes including liquid schemes.
I wish to redeem my existing investments. Do I have to pay transaction charges?
No. Transaction charges are payable only on purchase transaction / SIP registration.
I have invested earlier in HDFC Mutual Fund. Do I still have to pay transaction charges?
Yes. If the purchase transaction / SIP registration of 10,000 and above is processed through a distributor and the distributor has opted to receive transaction charges, transaction charges will have to be paid by you even though you are an existing investor.
I have invested earlier in HDFC Mutual Fund as a guardian of my children and have submitted my PAN for that investment. How much transaction charges will I have to pay?
The transaction charge will be 100 if the amount of purchase transaction / SIP registration is 10,000 or above.
I have invested earlier in HDFC Mutual Fund as the first holder and have submitted my PAN for that investment. Now, I will be investing as the second holder. Will I be charged 100?
If the first holder has invested through a distributor who has opted to receive transaction charges, 150 will be applied as transaction charge if the first holder is new investor and 100 if he / she is an existing investor.
I pay consultation fees to my advisor. Will transaction charges still be applied to me?
If your distributor has opted to receive transaction charges, these charges will be applicable to you.
My distributor has opted to receive transaction charges. Am I required to pay him advisory charges additionally?
Advisory charges are decided by you in consultation with your distributor. Hence, you may liaise with your distributor in this regard.
I am a new investor and wish to invest in 3 mutual funds on the same day. Will I be considered a new investor in all 3 mutual funds?
Yes. You will be considered a new investor in all 3 mutual funds.
I had invested 5 years back and had not provided my PAN. Will I be considered as a new investor and charged 150? Can I inform you about my earlier investment and be charged only 100?
If you have an existing folio with us and you invest in the existing folio, you will be charged 100. In case you do not mention your existing folio in the application form while investing, you will be charged Rs. 150 for the first investment and 100 for subsequent investments since the PAN is registered after the first purchase.
I am a new investor and wish to invest vide SIP. When will the transaction charges be applied?
If an SIP is submitted without the first cheque, transaction charges will be applied in 4 instalments beginning from the first SIP installment. For SIPs submitted with the first cheque (i.e. any day SIP) the transaction charges will be applied in 4 instalments beginning from the first installment after SIP registration.
How will be 10,000 criterion be computed for SIPs?
The SIP value will be computed as amount per installment (x) number of installments.
Will transaction charges be applied for SIPs registered prior to 01-Nov-11?
Transaction charges will not be applicable for registrations prior to 01-Nov-11.
I will be investing in HDFC Top 200 Fund with SIP Top - Up facility. How will be 10,000 criterion be computed?
In case of SIP with Top-up facility, the additional amount (i.e. top-up amount) will be considered for applying the transaction charges.
I intend to register for STP. Will I be charged Rs. 100?
No. Transaction charges are applicable only for purchase transaction / SIP registration is 10,000 or above.
I will be investing 30,000 in HDFC TaxSaver. Will I get the tax benefit for 30,000 after deduction of transaction charges?
Yes. Tax benefits, if applicable, will be available on the subscription amount i.e. 30,000.
I am a new investor and will be investing 10,000 in HDFC Equity Fund. Thus, after deducting 150 as the transaction charges, the balance of 9,850 will be invested. However, the application amount is required to be in multiples of 100. How will this be reso
The minimum / multiples criterion for purchases will be validated against the gross investment amount i.e. 10,000 in this case.
I am an NRI. What will be the transaction charges applicable to my investment?
Transaction charges will be the same for all categories of investors.