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Tuesday, February 10, 2009

ICICI Prudential MF revises exit load in Income Opportunities Fund

With effect from 11 February 2009

ICICI Prudential Mutual Fund has approved revision in the exit load structure under ICICI Prudential Income Opportunities Fund With effect from 11 February 2009.

Accordingly, under retail plan, for an investment up to Rs 1 crore the scheme will levy 2.5% of exit load if the amount, sought to be redeemed or switched out, is invested upto 2 years from the date of allotment and nil if the amount to be redeemed or switched out, is invested for more than 2 years from the date of allotment.

The scheme will not levy any exit load for the investment above Rs 1 crore.

No exit load will be charged for the institutional option and for Systematic Transfer Plan (STP) out of retail option of the scheme.

ICICI Prudential Income Opportunities Fund is an open ended income fund that intends to generate income through investments in a 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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