With effect from April 02, 2009, a new plan - 'Plan B' will be introduced under the following Equity funds from IDFC MF:
- IDFC Premier Equity Fund(IDFC-PEF)
- IDFC Classic Equity Fund (IDFC-CEF)
- IDFC Imperial Equity Fund (IDFC-IEF)
- IDFC Strategic Sector (50-50) Equity Fund (IDFC-SS(50-50)EF)
Details of the new plan are as follows:
Minimum Application Amount: Rs. 25,000 for IDFC-PEF; Rs. 5,000 for others. Option: Dividend (payout/reinvestment) & Growth Option. Offer Price: Rs. 10/- per unit on introduction and at applicable NAV thereafter. Systematic Investment Plan (SIP): Rs. 2,000 for IDFC-PEF; Rs. 1,000 for others. Load: Entry Load: NIL Exit Load: For investments of less than Rs. 5 crore, 1% if redeemed within 1 year.
The existing options will be henceforth be called 'Plan A'. Both the plans will share a common portfolio.