With effect from 20 May 2010
IDFC Mutual Fund has announced the introduction of Additional
Systematic Investment Plan (SIP) facilities for all the schemes in
which SIP facility is available, with effect from 20 May 2010. The
facilities are:
Perpetual SIP: Under this SIP facility the investor need not
mention the maximum installment. The SIP shall end on 31 December 2099
automatically. In case there is no mention of the number of
installments, the SIP shall be registered under the Perpetual SIP
facility.
Differential SIP: Under this facility the investor has a choice
of registering the SIP in such a manner that the 1st SIP Installment
will be higher than the subsequent installments.
In case of existing folio's there is no requirement of
registering the 1st installment, all 6 installments shall be considered
as SIP transactions. Also, for all the SIP facilities the minimum
investment amounts/minimum no. of installments shall be applicable.