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Monday, April 06, 2009

ICICI Prudential MF announces changes

With effect from 6 April 2009

ICICI Prudential Mutual Fund has approved changes in minimum application amount under ICICI Prudential Blended Plan B-Institutional Option with effect from 6 April 2009.

Minimum application amount: Rs 5 crore and in multiples of Re. 1 thereafter.

Additional purchase: Rs 1000 and in multiples of Re. 1 thereafter.

Minimum redemption amount: Rs 500 and in multiples of Re. 1 thereafter.

ICICI Prudential Blended Plan B is an open ended fund investing in a blend of equity, derivatives, debt and money market instruments. The objective of the scheme is to provide capital appreciation and income distribution to unit holders by investing predominantly in debt securities and the balance portion in equity and equity related securities including derivatives.

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