IDBI Mutual Fund revises TER of multiple funds
Sep 14 2018
News Category: Others
IDBI Mutual Fund announced the revision in Total Expense Ratio (TER) of IDBI Diversified Equity Fund, IDBI Midcap Fund, IDBI Hybrid Equity Fund, IDBI Nifty Index Fund and IDBI Nifty Junior Index Fund. The revised rates for direct plans of the respective schemes would be 1.05%, 1.05%, 1.10%, 1.20%, 0.20% and 0.24%. The TER for regular plans will remain unchanged other than for IDBI Nifty Index Fund and IDBI Nifty Junior Index Fund, which will be revised to 0.98% and 0.78%, respectively. The revised rate would be applicable from Sep 21, 2018.