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Tuesday, January 27, 2009

ICICI Prudential MF revises exit load of two schemes

With effect from 27 January 2009

ICICI Prudential Mutual Fund has approved revision in the exit load structure under ICICI Prudential Income Opportunities Fund and ICICI Prudential Growth Plan with effect from 27 January 2009.

ICICI Prudential Income Opportunity Fund

Under retail plan, for an investment of less than Rs 1 crore the scheme will levy 1% exit load if the amount, sought to be redeemed or switched out, is invested upto 12 months from the date of allotment and nil if the amount to be redeemed or switched out, is invested for more than 12 months from the date of allotment.

The scheme will not levy any exit load for the investment Rs 1 crore and above. No exit load will be charged for the institutional option of the scheme.

ICICI Prudential Growth Plan

Under retail plan, for an investment of less than Rs 5 crore the scheme will levy 1.00% exit load if the amount, sought to be redeemed or switched out, is invested upto 12 months from the date of allotment and no exit load will be charged if the amount, sought to be redeemed or switched out, is invested for a period more than 12 months from the date of allotment. The scheme will not levy any exit load for the investment above Rs 5 crore.

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