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Tuesday, August 25, 2009

ICICI Prudential Announces Changes to Prudential Child Care Plan – Gift Plan

With effect from 24 August 2009

ICICI Prudential Mutual Fund has announced changes in exit load structure for ICICI Prudential Child Care Plan – Gift Plan, with effect from 24 August 2009.

Accordingly if the amount sought to be redeemed or switched out is invested for a period of upto three years from the date of allotment, the exit load charge will be 1% of the applicable NAV.

If the amount sought to be redeemed or switched out is invested for a period of more than three years from the date of allotment, the exit load charge will be nil.

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