IDFC Mutual Fund has introduces the new investment plan namely Plan B in IDFC Premier Equity Fund (IDFC - PEF) as well as IDFC Classic Equity Fund (IDFC -CEF), IDFC Imperial Equity Fund (IDFC - IEF) and IDFC Strategic Sector (50-50) Equity Fund (IDFC -SS (50-50) EF). The change will be effective from April 2, 2009. The existing plan is being renamed as Plan A (regular plan). The new plan will have the same investment portfolio as the existing plan.
The schemes offer growth as well as dividend option. Moreover, the dividend option further offers dividend payout and reinvestment scheme. The minimum application amount of the scheme is Rs 25000 and in multiples of Re 1 thereafter for IDFC - PEF and Rs 5000 and in multiples of Re 1 thereafter for IDFC -CEF, IDFC - IEF and IDFC -SS (50-50) EF. The offer Price is Rs 10 per unit. The scheme will not charge any entry load. However, it will charge an exit load of 1.00%, in case of purchase of less than Rs 5 crore and if redeemed within one year from the date of purchase. On the top of this, no exit load for the purchase of Rs 5 crore and more.
The schemes offer growth as well as dividend option. Moreover, the dividend option further offers dividend payout and reinvestment scheme. The minimum application amount of the scheme is Rs 25000 and in multiples of Re 1 thereafter for IDFC - PEF and Rs 5000 and in multiples of Re 1 thereafter for IDFC -CEF, IDFC - IEF and IDFC -SS (50-50) EF. The offer Price is Rs 10 per unit. The scheme will not charge any entry load. However, it will charge an exit load of 1.00%, in case of purchase of less than Rs 5 crore and if redeemed within one year from the date of purchase. On the top of this, no exit load for the purchase of Rs 5 crore and more.
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