IDFC Mutual Fund has decided to change the fund manager under IDFC Tax Advantage Fund and IDFC Tax Saver Fund. Mr. Neelotpal Sahai has been designated the fund manager of these schemes, effective from September 22, 2010. Earlier these schemes were used to be managed by Mr. Kenneth Andrade.
IDFC MIP has revised the exit load with effect from October 1, 2010. Now, the exit load 1.50% if redeemed within 18 months, earlier the exit load used to be 1% if redeemed within 1 year.
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