IDFC Mutual Fund declares Categorisation of Schemes

Mutual Fund
Mar 31, 2018 by IDFC Mutual Fund | Mutual Fund | 20 Downloaded

NOTICE is hereby given to all existing and prospective investors of IDFC Mutual Fund with regard to the following:

SEBI, vide its circulars dated October 06, 2017 and December 4, 2017 on categorisation and rationalisation of mutual fund schemes, had required all mutual funds to categorize their schemes in accordance with the requirements of the circular.

The proposal for categorisation and rationalisation of the open-ended schemes of IDFC Mutual Fund as per the provisions of the above-referred circulars was submitted to SEBI and SEBI, vide its letter dated March 09, 2018, has accorded its approval for the same. Accordingly, the open-ended schemes of IDFC Mutual Fund are being categorised as follows:

Categorisation of Schemes

* There is no change in fundamental attributes of these schemes.

Requisite changes in the features of the schemes (which constitute change in fundamental attributes of the respective schemes except in cases mentioned above) shall be carried out within 3 months from the date of the SEBI letter (March 09, 2018). Unit holders of the relevant schemes shall be intimated about the changes in due course in accordance with the SEBI guidelines.

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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