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IDBI Principal MF Announces Changes


IDBI Principal Income - Short Term Plan has revised the load structure. Till now the fund carried no entry load while an exit load of 0.25% if redeemed within 15 days. The fund has reduced this time period from 15 to 7 days i.e. now the fund would charge an exit load of 0.25 % if redeemed within 7 days.

Also, the fund has again changed the name of IDBI Principal Government Securities Fund - Wholesale Plan to Saving Plan.

All the above changes would come into effect from December 17, 2002.