Mumbai: IDFC Mutual
Fund has changed the name of its IDFC Saving Advantage Fund to IDFC Liquid Fund.
After the name change, the scheme’s salient features will change with effect from
May 22, 2011.
Scheme Objective: To generate optimal returns with high liquidity by
investing in high quality money market and debt instruments.
Minimum Application
Amount: Plan A &
F - Rs 5000 in multiples of Rs 1
thereafter and Plan D - Rs 500 in
multiple of Rs 1 thereafter
Asset Allocation
Pattern: 0 to 100 per cent of asset in money
market instruments and debt instruments with low to medium risk profile. It
would further invest upto 50 per cent of assets in securitized debt and foreign
debt instruments.
Entry/Exit Load: The scheme will not
charge any entry or exit load
Investors, who do not agree
with the revision, have an option to redeem or switch their units between April
22, 2011 and May 21, 2011.
