Removal of Exit Load under IDBI Short Term Bond Fund

IDBI Mutual Fund has removed the exit load under IDBI Short Term Bond Fund, IDBI Nifty Index Fund and IDBI Nifty Junior Index Fund.

Earlier the exit load under IDBI Short Term Bond Fund was 0.5 per cent for redemption within 9 months from date of allotment and 1 per cent for redemption within 30 days under IDBI Nifty Index Fund and IDBI Nifty Junior Index Fund. The revised exit load will be applicable for lump sum investments, investments under systematic investment plan (SIP).

The change will be applicable from September 01, 2014.