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Declaration

The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of HDFC Mutual Fund in any jurisdiction in which such distribution, sale or offer is not authorised. The material/information provided in this Website is for the limited purposes of information only for the investors. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of HDFC Mutual Fund to any person in the United States of America ('USA')/Canada.

By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We am/are not giving a false confirmation and/or disguising my/our country of residence. I/We agree and acknowledge that HDFC Mutual Fund/HDFC Asset Management Company Limited (HDFC AMC) is relying upon my/our confirmation and in no event shall the directors, officers, employees, trustees, agents of HDFC AMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided herein.

  Know Your Distributor (KYD) norms

AMFI vide their circular 35P/ MEM-COR/ 13/ 10-11 dated August 27, 2010 has introduced Know Your Distributor (KYD) norms for Mutual Fund Distributors with effect from September 1, 2010, requiring the distributors to submit mandatorily identity proof, address proof, PAN and bank account details with proof. It is also decided to introduce bio-metrics as a part of KYD process.

KYD norms will be applicable for fresh ARN registration and ARN renewal effective from September 1, 2010. The existing ARN holders would also be required to comply with KYD norms within 6 months i.e. by end of February 2011, failing which AMCs shall suspend payment of commission till the distributors comply with the requirements.

Computer Age Management Services Pvt. Ltd. (CAMS) will be the central agency for the purpose of KYD including bio-metrics. CAMS will be initially providing KYD facilities at 60 Point of Services (POS) which is expandable to more centers. CAMS has also agreed to provide this facility on temporary basis at places other than these POS if the number of distributors are not less than 50.

Presently there would be no charge to the ARN holders for carrying out KYD process. AMFI is sending communications to all existing ARN holders in this regard.

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