HDFC Mutual Fund has increased the fresh SIP registration amount in HDFC Defence Fund and caps fresh STP registration at Rs 25,000 with effect from May 4.

According to a notice cum addendum by the fund house, in partial modification of the same, it has now been decided to increase the amount of fresh SIP registrations and also allow fresh STP registrations only under the monthly frequency for up to Rs 25,000 per investor at the first holder PAN level.

The limit of Rs 25,000 applies to SIP and STP both separately, which is in addition to any ongoing SIP / STP by the investor.

The unitholders are further informed that there will be no changes in fresh lumpsum investments, including switch-ins, will remain paused, existing systematic transactions will continue to be processed, and there will be no restrictions on redemptions, switch-outs, or STP-outs.