Change in Fundamental Attributes of IDFC Savings Advantage Fund

IDFC Mutual Fund has announced a change in fundamental attributes under IDFC Savings Advantage Fund.

Following are the revised provisions:
Name: IDFC Liquid Fund
Type of Scheme: Open Ended Liquid Fund
Investment Objective: The objective is to generate optimal return with high liquidity by investing in high quality money market and debt instruments.
Asset Allocation: Money market instruments and debt instruments with maturity up to 91 days - 0 to 100%. Investment in securitized debt up to 50%. Investment in foreign debt instruments up to 50%.
Load Structure: Entry and exit load charge will be nil.
Minimum Application Amount: Rs 5000 and in multiples of Rs 1in Plan A and F and Rs 500 and in multiples of Rs 1in Plan D.

Source: www.valueresearch.com

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.