IDFC Mutual Fund will introduce new investment plan – Plan B in IDFC Premier Equity Fund, IDFC Classic Equity Fund, IDFC Imperial Equity Fund and IDFC Strategic Sector (50-50) Equity Fund with effect from 2nd April, 2009.
The new plan will have the same investment portfolio as the existing plan. The present plan has been renamed as Plan A. The scheme offers growth and dividend option; the dividend option further offers dividend payout and dividend reinvestment option. The minimum application amount under the scheme is Rs.25000 for Premier Equity Funds and Rs. 5000 for Classic Equity Fund, Imperial Equity Fund and Strategic Sector Plan. The scheme will charge an exit load of 1 per cent for purchase of less than Rs.5 crores. No entry load will be charged for the schemes.
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