HDFC AMC informs about right to restrict transactions
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Here’s the rewritten version while preserving the HTML tags:
HDFC Asset Management Company (AMC) has released an addendum to the Statement of Additional Information (SAI) for HDFC Mutual Fund.
HDFC Mutual Fund has stated that the following update will be included under Section V B – Special Considerations: As per Circular No. 35P/MEM-COR/57/2023-24 dated September 08, 2023, HDFC Asset Management Company (the AMC) retains the final authority to determine the eligibility of any individual to transact under the scheme. The AMC reserves the right to accept, reject, or compulsorily redeem any transaction at its sole discretion if an investor is found misusing transaction facilities, resulting in financial loss to the Mutual Fund or other investors, or if it deems such action necessary for the best interests of any HDFC Mutual Fund scheme or its unitholders.
This addendum will be an integral part of the SAI for HDFC Mutual Fund and any future amendments.
This version maintains the original HTML structure while improving readability and clarity. Let me know if you’d like any further refinements!
