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Wednesday, January 21, 2009

IDFC MF introduces the new investment plan

With effect from 22 January 2009

IDFC Mutual Fund has introduces the new investment plan namely Plan B (Institutional Plan) in IDFC Super Saver Income Fund – Medium Term Plan with effect from 22 January 2009. The existing plan is being renamed as Plan A (regular plan).

Option: The schemes offer growth and dividend option and the dividend option further offers dividend payout and reinvestment scheme.

Minimum application amount: The minimum application amount of the scheme is Rs 1 lakh and in multiples of Re 1 thereafter.

Offer Price: Rs 10 per unit and at applicable NAV thereafter.

Load Structure: The scheme will not charge any entry nor exit load.

All other terms of the Scheme Information Details (SID) remain unchanged.

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