IDFC Mutual Fund has approved changes in the exit load structure of the Plan A under IDFC Super Saver Income Fund-Investment Plan, Medium Term Plan, and Short Term Plan with effect from 18 December 2008. As per the notice, the fund will levy 1% exit load in case of investors who purchase/switch in amount less than or equal to Rs 1 crore and redeem/switch out such investment within 1 year from the date of purchase/ switch in. No exit load will be applicable in case of purchase of amount greater than Rs 1 crore whether redeemed partly or fully. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load.
The fund will charge 0.50% exit load in case of investors who purchase/switch in amount less than or equal to Rs 1 crore and redeem/switch out such investment within 6 months from the date of such purchase/ switch in. No exit load will be applicable in case of purchase of amount greater than Rs 1 crore whether redeemed partially or fully. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be charged an exit load.
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