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Thursday, April 30, 2009

ICICI Pru Long Term Plan introduces premium and premium plus options

With effect from 04 May 2009

ICICI Prudential Mutual Fund has introduced premium and premium plus options under ICICI Pru Long Term Plan, with effect from 04 May 2009.

The salient features of the premium and premium plus options are as follows:

Minimum Application Amount: Premium Option: Rs 10 lakh and in multiples of Re 1 thereafter. Premium Plus Option: Rs 1 crore and in multiple of Re 1 thereafter.

Minimum Additional Investment Amount: Rs 1000

Minimum Redemption Amount: Rs 1000

Sub Option available: Growth, Dividend sub-option with Dividend payout and dividend reinvestment facility.

Entry Load: Nil

Exit Load: Nil

The existing option will be called as regular option, having dividend and cumulative option, sub-options with dividend payout and dividend re-investment facilities.

The default option under ICICI Prudential Long Tern Plan shall be regular option with growth option as default sub-option.

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