IDFC Mutual Fund has decided to increase the maximum Systematic Transfer Plan (STP) amount to Rs 1 crore (each transfer) in IDFC Premier Equity Fund with effect from June 24, 2011. Under the STP the minimum number of installments by an investor should be six. In case the investor does not honor the minimum six installments the AMC reserves right to take appropriate action as deemed fit from time and time.
Source: Value Research
Vivek Agrawal
Summer Intern-Fundamental Analysis
DENIP Consultants Pvt. Ltd.
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