IDFC Mutual Fund has introduced new options under IDFC Banking Debt Fund & new facility under phone transact.
IDFC Banking Debt Fund
This scheme will have fortnightly & monthly dividend reinvestment option and quarterly & annual dividend payout option. Also, SIP facility will be available in monthly option only.
Now, phone transact facility under IDFC Mutual Fund will be extended for SWP (systematic withdrawal plan) and STP (systematic transfer plan) in open ended Income and Equity schemes.