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Tuesday, January 27, 2009

ICICI Pru revises minimum application amount

With effect from 27 January 2009

ICICI Prudential Mutual Fund has announced the revision of minimum application amount under institutional option of ICICI Prudential Income Plan Opportunities Fund – Institutional Plan, with effect from 27 January 2009.

As per revision, the minimum application amount for all fresh purchases / switches under institutional option of the above mentioned schemes will be Rs 10,000 and in multiples of Re 1 thereafter.

ICICI Prudential Income Opportunities Fund is an open-ended income scheme with an investment objective to generate income through investments in range of debt and money market instruments of various credit ratings and maturities with a view to maximizing income while maintaining an optimum balance of yield, safety and liquidity.

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