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Tuesday, May 05, 2009

IDFC MF introduces the new investment plan under MMF-TP

With effect from 6 May 2009

IDFC Mutual Fund has introduced the new investment plan namely Plan D in IDFC Money Manager Fund – Treasury Plan (IDFC-MMF-TP). This plan is available for subscription effective from 6 May 2009 and it will have the same investment objective, asset allocation pattern, investment portfolio, benchmark, applicable NAV etc., as the existing plans.

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

Load Structure: The scheme will not charge any entry load. However, it 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.

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