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Thursday, May 07, 2009

ICICI Pru MF made changes in minimum application amount

With effect from 08 May 2009

ICICI Prudential mutual fund has made changes in the minimum application amount under ICICI Prudential Floating Rate Plan B, with effect from 08 May 2009.

Accordingly, the minimum application amount for all fresh purchases/switches under the scheme will be Rs 15000 and in multiples of Re 1 thereafter.

ICICI Prudential Floating Rate Plan B is an open ended income fund, with the objective to generate income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instrument swapped for floating rate return, and also fixed rate instruments and money market instruments.

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