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Tuesday, May 26, 2009

ICICI Pru Child Care Plan – Gift Plan revises load Structure

With effect from 01 June 2009

ICICI Prudential Mutual Fund has approved revision of load structure in ICICI Prudential Child Care Plan – Gift Plan, with effect from 01 June 2009.

Accordingly, the entry load (including Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP)) will be 2.50%.

The scheme will charge an exit load of 1.50%, if the amount sought to be redeemed or switched out is invested for a period of upto one year from the date of allotment while it will charge exit load of 1.00%, if the amount sought to be redeemed or switched out is invested for a period of more than one year but upto a period of 3 years from the date of allotment.

ICICI Prudential Child Care Plan – Gift Plan is an open ended fund with an objective to generate capital appreciation by creating a portfolio that is invested in equity and equity related securities and debt and money market instruments.

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