Effective July 1, 2010, IDFC Mutual Fund has revised the key features under IDFC Liquidity Manager Fund. The changes are as follows:
The name of the scheme now has been changed to IDFC Ultra Short Term Fund. Now, the scheme will invest upto 100 percent in money market instruments, upto 75 per cent in debt instruments with maturity upto 365 days, and upto 50 per cent in debt instruments between 1-5 years, upto 25 per cent in securitized instruments.
The exit load has been revised to 1% if redeemed within 90 days from the date of subscription
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