IDFC Mutual Fund revises exit load in IDFC Saving Advantage Fund
Mumbai: IDFC Mutual Fund has revised the exit load structure in IDFC Saving Advantage Fund with effect from March 3, 2011. The fund house will charge 0.25 per cent as exit load if units are redeemed within 31 days from the date of allotment. The scheme earlier charged 1 per cent as exit load if units were redeemed within 91 days from the date of allotment.
IDFC MF also decided to withdraw the maximum subscription amount under IDFC Saving Advantage Fund with effect from March 3, 2011.
IDFC Saving Advantage Fund is an open ended Income scheme with the investment objective to offer an investment avenue for short term savings by looking to generate stable returns with a low risk strategy. The scheme is managed by Anupam Joshi and is benchmarked against Crisil Liquid Fund Index.