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Thursday, September 03, 2009

IDFC MF Revises Exit Load Structure

With effect from 4 September 2009

IDFC Mutual Fund has decided to change the exit load structure / contingent deferred sales charge (CDSC) for various schemes, with effect from 4 September 2009.

IDFC Money Manager Fund - Investment Plan:

Accordingly in Plan A & B, for all investments including SIP/Micro SIP/STP, the exit load charge shall be 0.5% of the applicable NAV if redeemed / switched out within 45 days from the date of allotment.

IDFC Tax Saver Fund and IDFC Tax Advantage Fund:

The exit load charge shall be nil.

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