IDFC Mutual Fund has announced the introduction of new plans, 'Plan C' under IDFC Super Saver Income Fund - Medium Term (MT) and 'Plan D' under IDFC Super Saver Income Fund – Investment Plan (IP). The plans are to be introduced with effect from 10 February 2010. The features of the plans are as follows:
Plan C & Plan D under the respective schemes offers growth, dividend & dividend sweep options. The plans introduction price is Rs 10 per unit and at applicable NAV thereafter. Minimum application amount is Rs 5000 & in multiples of Re 1 thereafter. Entry load charge will be nil.
Exit load charge for IDFC Super Saver Income Fund-MT – 'Plan C' will be 0.50% of NAV on investors who purchase / switch and seek to redeem / switch out such investment within 182 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option /SWP or switch between options within the plan will not be levied an exit load.
Exit load charge for IDFC Super Saver Income Fund-IP – 'Plan D' will be 1% of NAV on investors who purchase / switch and seek to redeem / switch out such investment within 365 days from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option /SWP or switch between options within the plan will not be levied an exit load.
