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Thursday, May 28, 2009

ICICI Pru Floating Rate Plan announce changes

With effect from 1 June 2009

ICICI Prudential mutual fund has approved changes in minimum application amount under ICICI Pru Floating Rate Plan-Plan B and exit load structure of ICICI Pru Floating Rate Plan-Plan A. The proposed changes will be in operation from 1 June 2009.

Accordingly, the minimum application amount for all fresh purchases/switches under ICICI Pru Floating Rate Plan B will be Rs 10 lakh and in multiples of Re 1 thereafter.

ICICI Pru Floating Rate Plan A will not charge exit load from 1 June 2009.

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