Changes to the underlying fund of L53 HDFC (EIFF) Prudence Fund
26 June 2018
Friends Provident International Limited (“Friends Provident International”) has been notified by HDFC Asset Management Company Limited (“The Company”) of a merger of the underlying fund into which the above named fund invests.
The Company has stated that with effect from 01 June 2018, the HDFC Prudence Fund (the underlying fund into which L53 invests) will merge with the HDFC Growth Fund to form a new receiving fund, named as HDFC Balanced Advantage Fund.
Friends Provident International will be reviewing L53 HDFC (EIFF) Prudence Fund in relation to the aforementioned merger, to ascertain whether the new structure is suitable for our fund range. We will provide a further web update should we determine that any changes are needed.
Should you require further information regarding these changes, please contact International Funds & Investments and we will provide you with a copy of the underlying notice we received from the Company.