POSTED BY June 17, 2013 8:09 pm COMMENTS (3)ON
As part of my emergency funds, I had saved some money in “HDFC Floating Rate Income ST Retail Growth”. When I wanted to invest more, I could not find this fund on the HDFC website. Looking further, found on valueresearchonline that this fund is marked as ‘Suspended for Sales’. 🙁 My queries:
1) What does this mean? How can a fund holding more than 5000 Cr be suspended?
2) What should I do now; whats the suggestion. Should I redeem or transfer my units in this fund? Or leave it and invest the additional money in some other liquid fund?
3) If I leave my units in this fund as-is, then is there an issue? How long can I keep it there?
4) I searched and could not find any relevant article around this. If there is one that I can read to understand more, then request you to please point me to it.
Thanks in advance,