What happens in case of death of the unit holder?
In case the units are held in physical form the transmission policy in force for HDFC Mutual Fund will be applicable. In case the units are held in demat form the Unit holder will have to comply with the guidelines formulated for transmission by the respective DP’s. • What will happen in case any application for switch-in results in units being allotted in decimal places? The applications for subscriptions/ switch-in of Units should be made in multiples of Rs 10/-. However, switch-in requests which results in allotment of units in decimal places (fractional) will be refunded to the Unit holders. • How long does it take to dematerialize or rematerialize the units? It will normally take 15 days to process a valid dematerialization request from the date of receipt of such request and 30 days to process a valid rematerialization request from date of receipt of the said request.
