IDFC Mutual Fund has announced that units of IDFC Premier Equity Fund shall be available for subscription with effect from March 31, 2011. Units will be available at the applicable NAV.
The scheme would be open to investors for subscription during periods when the fund managers feel that the stocks are reasonably valued. The fund will close subscription, once it has collected a predetermined “manageable” corpus, which will be decided by the Fund manager of the scheme depending on the available investment opportunities in the stock market.
Subscriptions by way of SIP and STP will be possible on all business days.