Following changes have been made by IDFC Mutual Fund:
1. Revised Exit Load structure:
IDFC Money Manager Fund - Investment Plan (IDFC MMF IP) has revised its exit load/Contingent Deferred Sales Charge (CDSC) with effect from September 18, 2009. For Plan A & B, the exit load for all investments shall be 1 per cent of the applicable NAV if redeemed within 120 days from the date of allotment.
2. Introduction of STP facility
IDFC has introduced Systematic Transfer Plan (STP) in IDFC Small and Mid cap fund with effect from September 17, 2009. Daily, weekly, fortnightly and Monthly facility has also been introduced. The minimum transfer amount shall be Rs 1,000.
3. Changes in Minimum application amount under SIP facility of IDFC SME fund
The minimum application amount under the SIP facility of IDFC SME fund has been changed to Rs 1,000 per installment with effect from September 17, 2009. The current minimum application amount for each installment under SIP is Rs 500. Weekly and fortnightly SIP facility will also be introduced with effect from September 17, 2009. The minimum number of installments will be six.