Monday, June 15, 2009

IDFC Mutual Fund Modifies Auto Trigger Facility - June 15, 2009

IDFC Mutual Fund has modified Auto Trigger Facility (ATF). The following terms and conditions have been added to the ATF.

a. ATF can be availed only through the fresh purchase.

b. If the investor wishes to opt for ATF, no switch in shall be allowed from any other scheme to IDFC Money Manager Fund-Treasury Plan-Plan D.

c. Moreover, no additional purchase in the existing ATF Folio shall be allowed both under IDFC Money Manager Fund-Treasury Plan-Plan D and all equity schemes wherein the fund are switched in from IDFC Money Manager Fund-Treasury Plan-Plan D on activation of entry trigger (for this new Folio will be created).

d. The investors can opt for STP/SWP/Redemption/SO/PEP facilities under the existing ATF Folio. However, on activation of the said facilities the trigger shall cease to exist.

e. The investors can not submit the request for consolidation of ATF Folio.

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