Monday, August 11, 2008

IDFC MF Changes Names Of Its Three Schemes - Aug 11 , 2008

IDFC Mutual Fund has changed names of its three schemes. Accordingly, IDFC Floating Rate Fund- Short Term Plan (IDFC-FRF-ST), IDFC Floating Rate Fund-Long Term Plan (IDFC-FRF-IP) and IDFC Liquidity Manager Plus Fund (IDFC-LMP) shall be renamed as IDFC Liquid Plus Fund-Treasury Plan (IDFC-LPE-TP) and IDFC Liquid Plus Fund-Investment Plan (IDFC-FRF-IP) respectively with effect from 13 September.

Also IDFC Liquidity Manager Plus Fund (IDFC-LMP) shall be renamed as IDFC Liquid Fund (IDFC-LF) with effect from 18 August 2008. The fund as per Sebi regulations has modified the plan under IDFC Floating Rate Fund-Short Term Plan (IDFC-FRF-ST). The plan shall be classified as an income plan (fund) instead of a liquid plan. The change in the classification of the plan shall be carried out at all relevant places in the combined offer document.

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