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Tuesday, May 05, 2009

IDFC MF introduces Auto Trigger Facility under IDFC-MMF-TP- Plan D

With effect from 6 May 2009

IDFC Mutual Fund has introduced an Auto Trigger Facility under IDFC Money Manager Fund – Treasury Plan - D (IDFC-MMF-TP- Plan D) as an add-on, optional feature with effect from 6 May 2009.

Auto-Trigger Facility: It offers an opportunity to the investors to determine his/her time for entering the equity schemes based on Sensex levels and also exit from equity schemes and re-enter the debt schemes based on % appreciation on the entry NAV level of the selected equity scheme.

An investor has to invest in Original Debt Scheme and indicate Triggers levels. On activation of entry trigger, amount from Original Debt Scheme will get transferred to Target Equity Scheme. Further the investor can also opt for exit trigger. On activation of exit trigger amount from Target Equity Scheme gets transferred into Final Debt Scheme.

Original Debt Schemes: IDFC Money Manager Fund – Treasury Plan D (IDFC-MMF-TP- Plan D)

Target Equity Schemes: IDFC Imperial Equity Fund – Plan A/B, IDFC Classic Equity Fund – Plan A/B, IDFC Strategic Sector (50-50) Equity Fund– Plan A/B, IDFC Premier Equity Fun – Plan A/B d and IDFC India GDP Growth Fund

Final Debt Scheme: IDFC Money Manager - Treasury Plan - A (Growth or Daily Dividend)

Entry Trigger: Two triggers can be specified - Trigger A and Trigger B (optional). On activation of Trigger A, 50 per cent of the amount will be transferred to the Target Equity Scheme. On activation of Trigger B, the balance amount will be transferred.

Exit Trigger: If an exit trigger (based on percentage appreciation on the entry NAV, minimum being 10%) is opted. Two triggers can be specified - Trigger A and Trigger B. On activation of these triggers, amount invested on activation of corresponding Entry Triggers (A or B) will be transferred to final debt scheme.

Minimum application amount: The minimum application amount of the scheme is Rs 25000 and in multiples of Re 1 thereafter.

Entry Load: The scheme will not charge any entry load and on transfers, the applicable entry load under open ended equity schemes will be applicable.

Exit Load: The scheme will charge 1.00% of exit load, in case of redemption / switch-outs to any debt / liquid schemes of IDFC Mutual Fund (including IDFC – Tax Advantage (ELSS) Fund) within 1 year such from the date of effecting such purchase/ switch in. However, no exit load shall be charged in case of switch out to open ended equity fund.

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