IDFC MF has notified that with effect from Decemebr 10, 2008, no exit load will be applicable under IDFC GSF Short Term Plan B. Further, the minimum application amount under the scheme will be increased to Rs. 1 crore from Rs. 5,000.
The plan was launched on November 10, 2008 and an exit load of 0.25% was applicable if units were redeemed within 15 days from the date of allotment.