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Thursday, September 17, 2009

IDFC MF introduces STP facility

With effect from 17 September 2009

IDFC Mutual Fund has announced introduction of systematic transfer plan (STP) facility in IDFC Small and Mid Cap Fund (IDFC SME Fund) with effect from 17 September 2009. The features of STP are:

STP Daily: -

STP Weekly: 7th, 14th, 21stand 28th of the month

STP Fortnightly: 1st and 16th of the month

STP Monthly: 1st, 10th, 20th of the month

The minimum transfer amount under the facility shall be Rs 1000. All the other features i.e. load structure, applicable NAV etc shall remain the same as set out in the offer document/scheme information document of IDFC SME Fund.

The investment objective of the scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The scheme will predominantly invest in small and midcap equity and equity related instruments. Small and midcap equity and equity related instruments will be the stocks included in the CNX Midcap index or equity and equity related instruments of such companies which have a market capitalization lower than the highest components of CNX Midcap index. The scheme may also invest in stock other than madcap stocks (i.e. in stocks, which have a market capitalization of above the market capitalization range of the defined small madcap stocks) and derivatives. On defensive consideration, the scheme may also invest in debt and money market instruments.

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