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Thursday, January 01, 2009

IDFC MF revises exit load and minimum application amount

With effect from 01 January 2009

IDFC Mutual Fund has approved changes in the exit load structure and minimum application amount of the IDFC Super Saver Income Fund-Short Term Plan C (Super Institutional Plan) with effect from 01 January 2009.

According to the notice, the fund will charge an exit load of 0.50% of NAV on investors who purchase/switch in and seek to redeem/switch out such units within 15 days from the date of effecting such purchase/ switch in under Plan C. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load. The minimum application amount under Plan C will be Rs 5000.

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