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Monday, August 24, 2009

IDFC MF Revises Exit Load Structure for Various Schemes

With effect from 24 August 2009

IDFC Mutual Fund has proposed to change the exit load structure/contingent deferred sales charge (CDSC) for various schemes, with effect from 24 August 2009.

IDFC Cash Fund: The exit load charge will be nil for Plan A, B & C.

IDFC Liquidity Manager: The exit load charge will be nil.

IDFC Liquid Fund: For Plan A Plan D, the exit load charge will be nil.

IDFC Money Manager Fund – Treasury Plan: For Plan A, B, C, D the exit load charge will be nil.

IDFC Money Manager Fund – Investment Plan: For Plan A & B the exit load charge will be 0.5% if redeemed before 30 days from the date of investment.

IDFC Super Saver Income Fund – Short Term Plan: For Plan A, B, C, D the exit load charge will be nil.

IDFC Super Saver Income Fund – Investment Plan: For Plan A, B & C the exit load charge will be 1% if redeemed before 365 days from the date of investment.

IDFC Super Saver Income Fund – Medium Term Plan: For Plan A & B the exit load charge will be 0.5% if redeemed before 182 days from the date of investment.

IDFC Dynamic Bond Fund: For Plan A & B the exit load charge will be nil.

IDFC All Seasons Bond Fund: The exit load charge will be 0.75% if redeemed before 365 days from the date of investment.

IDFC Government Securities Fund – Short Term Plan: For Plan A & B the exit load charge will be 0.25% if redeemed within 30 days from the date of investment.

IDFC Government Securities Fund – Investment Plan: For Plan A & B the exit load charge will be 1% if redeemed before 365 days from the date of investment.

IDFC Government Securities Fund – PF Plan: For Plan A & B the exit load charge will be 1% if redeemed before 365 days from the date of investment.

IDFC Arbitrage Fund: The exit load charge will be 0.25% if redeemed before 30 days from the date of investment.

IDFC Arbitrage Plus Fund: The exit load charge will be 0.50% if redeemed before 365 days from the date of investment.

All Equity Schemes (other than IDFC Arbitrage Fund and IDFC Arbitrage Plus Fund): The exit load charge will be 1% for all investments.

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