IDFC Mutual Fund starts charging exit load in
IDFC Liquid Fund
Mumbai: IDFC Mutual Fund has revised the exit
load structure in IDFC Liquid Fund with effect from May 31, 2011. The fund
house will charge 0.50 per cent as exit load if units are redeemed within 31
days from the date of allotment. The scheme currently does not charge any exit
load.
IDFC MF also decided to withdraw
the maximum subscription amount under IDFC Liquid Fund with effect from May 31,
2011.
IDFC
Liquid Fund is an open ended scheme with the investment objective to generate optimal returns with
high liquidity by investing in high quality money market and debt instruments.
The scheme is managed by Anupam
Joshi and is benchmarked against Crisil Liquid Fund Index.
