IDFC MF Revises Exit Load For Two Schemes - Dec 18, 2008

IDFC Mutual Fund has approved changes in the exit load structure of the IDFC Dynamic Bond Fund -Plan A and Government Securities Fund-Investment Plan A with effect from 18 December 2008.

IDFC Dynamic Bond Fund -Plan A: According to the notice, the fund will charge 1% exit load in case of investors who purchase/switch in amount less than or equal to Rs 10 lakh and redeem/switch out such investment within 1 year from the date of effecting such purchase/ switch in. No exit load will be applicable in case of purchase of amount greater than Rs 10 lakh whether redeemed partly or fully. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load.

Government Securities Fund-Investment Plan -A: The fund will charge 1% exit load in case of investors who purchase/switch in amount less than or equal to Rs 10 lakh and redeem/switch out such investment within 1 year from the date of such purchase/ switch in. No exit load will be applicable in case of purchase of amount greater than Rs 10 lakh whether redeemed partly or fully. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load.