IDFC Mutual Fund has introduced the Plan B under IDFC Enterprises Equity Fund with effect from 6 July 2009. Introduction of new plan: The IDFC Enterprises Equity Fund will introduce Plan B with effect from 6 July 2009. The Plan B under the scheme will have growth and dividend option. Dividend option will offer payout and reinvestment.
The offer price for the new plan will be Rs 10 per unit at applicable NAV thereafter. The minimum application amount will be Rs 5000. In SIP minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.
Entry Load: For purchase/switch in: The scheme will not charge any entry load for purchase (including by way of switch-ins and purchases made through SIP/STP). For purchases (irrespective of the amount) by an FOF the entry load is nil.
Exit Load: The scheme will charge 1.00% of applicable NAV as an exit load in case of purchases of less than Rs 5 crore, if redeemed within 1 year from the date of purchase applying first in first out basis (including purchases made through SIP/STP). And will not charge any exit load for purchases of Rs 5 crore or more.
The investment objective, asset allocation pattern, benchmark, applicable NAV etc of the plan B shall be the same as that of the existing plan. All other terms and condition shall remain unchanged.
Existing portfolio (plan) is the scheme shall be renamed as IDFC Enterprises Equity Fund-Plan A.
The minimum amount for Systematic Investment Plan (SIP) in IDFC Enterprises Equity Fund-Plan A shall be Rs 1000 and in multiples of Re 1.
Hereafter the load structure of IDFC Enterprises Equity Fund-Plan A shall be as follows:
Entry Load: The scheme will charge an entry load of 2.25% for the purchase of amount less than Rs 5 crore and it will charge nil for the purchase of amount more than Rs 5 crore.
Exit load: The scheme will charge an exit load of 1.00% for the purchase of amount less than Rs 5 crore, if redeemed within 1 year from the date of purchase applying first in first out basis, and it will charge nil for the purchase of amount more than Rs 5 crore. For purchases (irrespective of the amount) by an FOF the entry load is nil.
The offer price for the new plan will be Rs 10 per unit at applicable NAV thereafter. The minimum application amount will be Rs 5000. In SIP minimum application amount is Rs 1000 and in multiples of Re 1 thereafter.
Entry Load: For purchase/switch in: The scheme will not charge any entry load for purchase (including by way of switch-ins and purchases made through SIP/STP). For purchases (irrespective of the amount) by an FOF the entry load is nil.
Exit Load: The scheme will charge 1.00% of applicable NAV as an exit load in case of purchases of less than Rs 5 crore, if redeemed within 1 year from the date of purchase applying first in first out basis (including purchases made through SIP/STP). And will not charge any exit load for purchases of Rs 5 crore or more.
The investment objective, asset allocation pattern, benchmark, applicable NAV etc of the plan B shall be the same as that of the existing plan. All other terms and condition shall remain unchanged.
Existing portfolio (plan) is the scheme shall be renamed as IDFC Enterprises Equity Fund-Plan A.
The minimum amount for Systematic Investment Plan (SIP) in IDFC Enterprises Equity Fund-Plan A shall be Rs 1000 and in multiples of Re 1.
Hereafter the load structure of IDFC Enterprises Equity Fund-Plan A shall be as follows:
Entry Load: The scheme will charge an entry load of 2.25% for the purchase of amount less than Rs 5 crore and it will charge nil for the purchase of amount more than Rs 5 crore.
Exit load: The scheme will charge an exit load of 1.00% for the purchase of amount less than Rs 5 crore, if redeemed within 1 year from the date of purchase applying first in first out basis, and it will charge nil for the purchase of amount more than Rs 5 crore. For purchases (irrespective of the amount) by an FOF the entry load is nil.
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