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Saturday, December 27, 2008

ICICI Prudential MF revises exit load for its various schemes

With effect from 1 January 2009

ICICI Prudential Mutual Fund has approved revision in the exit load structure of following schemes:

1. ICICI Prudential Dynamic Plan,

2. ICICI Prudential Discovery Fund,

3. ICICI Prudential Services Industries Fund,

4. ICICI Prudential Infrastructure Fund,

5. ICICI Prudential Technology Fund,

6. ICICI Prudential Child Care-Gift Plan,

7. ICICI Prudential Power, ICICI Prudential Emerging S.T.A.R. (Stocks Targeted At Returns) Fund,

8. ICICI Prudential Equity & Derivatives Fund - Wealth Optimiser,

9. ICICI Prudential FMCG Fund,

10. ICICI Prudential Indo Asia Equity Fund

11. ICICI Prudential Focused Equity Fund,

12. ICICI Prudential Banking and Services Fund.

Accordingly, the revised load structure will be applicable for all the fresh applications under the above mentioned schemes made through Systematic Investment Plan (SIP) facility with effect from 1 January 2009.

If the amount, sought to be redeemed or switched out, is invested up to one year from the date of allotment, 1.5% of applicable NAV will be exit load.

If the amount, sought to be redeemed or switched out, is invested for more than 1 year but up to 2 years from the date of allotment, there will be exit load of 1% of applicable NAV.

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