Mumbai: IDBI Mutual Fund has revised the exit
load structure in IDBI Short Term Bond Fund with effect from March 26, 2011.
The fund house will charge 0.50 per cent as exit load if units are redeemed
within 1 month from the date of allotment. The scheme earlier charged 0.50 per
cent as exit load if units were redeemed within 3 months from the date of
allotment.
IDBI Short Term Bond Fund is an open
ended debt scheme with the investment objective to provide investors with regular income
for their investment. The scheme is managed Gautam Kaul. It is benchmarked
against Crisil Short Term Bond Fund Index.
