Mumbai: IDFC Mutual Fund has introduced exit load in IDFC Nifty Fund with effect from January 14, 2011.
The fund house will charge 1 per cent exit load if units are redeemed within 7 days from the date of allotment. The scheme currently does not charged any exit load.
IDFC Nifty Fund is an open ended index linked equity scheme with an investment objective to replicate the S&P CNX Nifty Index by investing in securities of the S&P CNX Nifty Index in the same proportion/weightage. The scheme is managed by Tridib Pathak and is benchmarked against S&P Nifty.
