Mail from HDFC Mutual Fund I recd today. I had already closed my account 3 years back.
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Dear Unit holder,
As you may be aware, SEBI in its investigation identified certain instances of front running by a former equities dealer of HDFC Asset Management Company Limited (HDFC AMC) with certain set of front runners. HDFC AMC has since terminated the services of the said equities dealer.
As per the consent terms filed by HDFC AMC with SEBI in the matter and as now advised by SEBI, the total amount of losses, as determined by SEBI, are to be compensated to the relevant unit holders.
Accordingly, the following is the compensation amount attributable to you:
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Thank you for Rs.135 credited to my account