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Monday, May 18, 2009

IDFC MF adds new plan in its liquid fund

With effect from 18 May 2009

IDFC Mutual Fund has decided to introduce a new plan as Plan D in IDFC Liquid Fund (IDFC-LF) with effect from 18 May 2009.

The minimum application amount under the scheme is Rs 500 and in multiples of Re 1. The entry and exit load under the plan is nil. The investment objective, asset allocation pattern, investment portfolio, benchmark, applicable NAV etc of the Plan D shall be the same as that of existing Plan A of IDFC Liquid Fund (IDFC-LF).

IDFC Liquid Fund seeks to provide high liquidity by investing in a portfolio of money market instruments and debt instruments.

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