IDFC Mutual Fund has approved changes in the exit load of Plan C under IDFC Super Saver Income Fund-Investment Plan with effect from 10 March 2009.
According to the notice, the fund will charge 1.25% exit load in case of investors who purchase/switch in and seek to redeem/ switch out such units of amount less than or equal to Rs 1 crore within 1 year from the date of effecting such purchase/ switch in. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load.
According to the notice, the fund will charge 1.25% exit load in case of investors who purchase/switch in and seek to redeem/ switch out such units of amount less than or equal to Rs 1 crore within 1 year from the date of effecting such purchase/ switch in. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load.
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