1
per cent exit load to apply on redemptions within 89 days against the earlier
45 days
Mumbai: IDFC Mutual Fund has revised its exit
load under IDFC Ultra Short Term Fund with effect from June 27, 2011. The fund
house will charge 1 per cent as exit load if units are redeemed within 89 days
from the date of allotment. Earlier, the scheme charged 1 per cent as exit load
if units are redeemed within 45 days from the date of allotment.
IDFC Ultra
Short Term Fund is an open ended income fund with the investment objective of offering
an investment avenue for short term savings by looking to generate stable
returns with a low risk strategy. The scheme is managed by Anupam Joshi and is
benchmarked against Crisil
Liquid Fund Index.
