Mumbai: IDFC Mutual Fund has revised the exit load structure in IDFC Monthly Income Plan with effect from January 7, 2011. The fund house will charge 1 per cent as exit load if units are redeemed within 1 year from the date of allotment. The scheme earlier charged 1.50 per cent as exit load if units were redeemed within 18 months from the date of allotment.
IDFC Monthly Income Plan is an open ended debt MIP scheme, with the primary investment objective to generate regular returns through investment primarily in debt oriented mutual fund schemes (such as Income and Liquid funds) and the secondary objective is to generate long-term capital appreciation by investing a portion of the scheme's assets in equity oriented schemes.
