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IDFC Mutual Fund has decided to change the exit load of IDFC Arbitrage Plus Fund and IDFC Corporate Bond Fund with effect from August 12, 2016.
The revised exit load will be 0.25% if redeemed within 1 month under IDFC Arbitrage Plus Fund while no exit load will be charged under IDFC Corporate Bond Fund.
The Fund House has also renamed the existing 'Dividend Option' under each of the Regular Plan and Direct Plan of IDFC Arbitrage Fund and IDFC Arbitrage Plus Fund as 'Monthly Dividend Option' effective August 12, 2016.