| HSBC Arbitrage Fund
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Any redemption / switch-out of units on or before 1 month from the date of allotment: 0.25% If units are redeemed or switched out after 1 Month from the date of allotment: NIL
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Any redemption / switch-out of units on or before 15 days from the date of allotment: 0.25% If units are redeemed or switched out after 15 days from the date of allotment: NIL
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