IDFC Mutual Fund has waived exit load under IDFC Nifty Fund
Mumbai: IDFC
Mutual Fund has revised the exit load structure under IDFC Nifty Fund with
effect from July 25, 2011. The fund house will not charge any exit load. Currently, these schemes charge 1 per cent
as exit load, if units are redeemed within 7 days from date of allotment.
IDFC Nifty Fund
is an open ended equity scheme with the investments objective to replicate the S&P CNX Nifty Index by
investing in securities of the S&P CNX Nifty Index in the same weight age. The
scheme is managed by Tridib Pathak and is benchmarked against S&P CNX Nifty
Index.
