HDFC Mutual Fund introduces Systematic Withdrawal Advantage Plan Top-Up: Check details

HDFC Mutual Fund has introduced 'Systematic Withdrawal Advantage Plan (SWAP) Top-Up’ feature (‘the facility’) through the offline mode.

In a notice-cum-addendum, HDFC Mutual Fund said the new facility will allow unitholders of HDFC Mutual Fund schemes to opt for an annual increase in their withdrawal amount through SWAP on completion of one year from the date of registration of SWAP.

The following are the key details of the SWAP facility shared by the fund house:

HDFC Mutual Fund said that an investor/unitholder may choose either top-up rate or top-up amount.

"If the option is not specified by the investor/unitholder, then a default rate will be 6% and top-up frequency will be following month of April subject to completion of 12 months from date of SWAP registration," it said.

The SWAP facility will be available through offline mode from December 22, 2025 for all new and existing SWAP registrations.

All other terms and conditions of the eligible schemes shall remain unchanged. This addendum shall form an integral part of the SID / KIM of the eligible schemes and SAI of the Fund as amended from time to time.

Edelweiss AMC announces change in shareholding pattern

In another development from the mutual fund industry, Edelweiss Mutual Fund has informed that Edelweiss Financial Services has sold its 10% equity shareholding in EAML to Setu AIF Trust, Konark Trust and MMPL Trust (part of the WestBridge Capital group), on December 17, 2025.

The revised shareholding pattern of EAML is as follows:

• Edelweiss Financial Services (along with its 6 individual nominee members): 80.5%

• Edel Finance Company: 3.27%

• Edelweiss Securities and Investments: 6.23%

• Setu AIF Trust: 9.76%

• Konark Trust: 0.23%

• MMPL Trust: 0.01%.

All other features and terms and conditions as stated in the SAI shall remain unchanged.