IDFC MF introduces ‘Plan C in IDFC Super Saver Income Fund’
IDFC Mutual Fund, India's largest and most active private equity fund focused on infrastructure has introduced a new investment plan christened 'Plan C in IDFC Super Saver Income Fund' Investment Plan with effect from 16 February 2009.
The schemes offer growth and dividend option and the dividend option further offers dividend payout and reinvestment scheme.
The minimum application amount of the scheme is Rs 5000 and in multiples of Re 1 thereafter. The NFO price of the fund is Rs 10 per unit.
According to officials, the scheme will not charge any entry load. However it will charge an exit load of 1.25% of NAV on investors who purchase / switch in and seek to redeem/switch out such units (irrespective of any amount) within 1 year from the date of effecting such purchase/switch in.
In addition, Investors opting for PEP/dividend reinvestment option /SWP or switch between options will not be levied an exit load.