1. Advisorkhoj
  2. News
  3. Mutual Fund
  4. Notice Cum Addendum Discontinuation of subscription limit in units of IDBI Equity Advantage Fund

Notice Cum Addendum: Discontinuation of subscription limit in units of IDBI Equity Advantage Fund

Mutual Fund

by IDBI Mutual Fund | Mutual Fund | 2 Downloaded

The Scheme Information Document (SID) and Key Information Memorandum (KIM) of IDBI Equity Advantage Fund ('Scheme') currently mentions the following maximum subscription limits:

  • Maximum subscruption amount per day per investor will be Rs. 1,50,000.

  • Maximum subscruption amount per Investor per transaction will be Rs. 1,50,000 for new SIP/STP mandates.

However, considering the changing performances of investors, the aforesaid limits in Scheme stands rescinded and with effect from October 7, 2016 there shall be no maximum subscription limits in the Scheme, till further notification.

All other terms and conditions of the Scheme shall remain unchanged.

Accordingly, the Notice cum addendum No. 19/2014 dated Dacember 12, 2014 issued by IDBI Asset Management Ltd., stands partially mofified to the extent of withdrawal of point on.3 titled "Subscription Limit in IDBI Equity Advantage Fund".

This addendum shall form an integral part of the SID and KIM of Scheme, as amended from time to time.

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

Locate IDBI Mutual Fund Advisors in your city
comments powered by Disqus

© 2016 Advisorkhoj - A Gamechanger Business Services (I) Pvt. Ltd. Brand - All Rights Reserved

Feedback