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Monday, August 24, 2009

ICICI Prudential MF Revises Exit Load Structure

With effect from 24 August 2009

ICICI Prudential Mutual Fund has announced changes in exit load structure for various schemes, with effect from 24 August 2009. The exit load structure includes for Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) for the below mentioned schemes.

ICICI Prudential Short Term Plan and ICICI Prudential Blended Plan – Plan A and Plan B:

If the amount sought to be redeemed or switched out is invested for a period of upto one month from the date of allotment, the exit load charge will be 0.25% of the applicable NAV.

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

ICICI Prudential Gilt fund – Treasury PF option, ICICI Prudential Gilt Fund – Investment Plan, ICICI Prudential Gilt Fund – Investment PF option, ICICI Prudential Income Plan and ICICI Prudential Growth Plan:

The exit load charge will be nil.

ICICI Prudential Income Opportunities Fund:

If the amount sought to be redeemed or switched out is invested for a period of upto three months from the date of allotment, the exit load charge will be 0.50% of the applicable NAV.

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

ICICI Prudential Monthly Income Plan:

If the amount sought to be redeemed or switched out is invested for a period of upto six months from the date of allotment, the exit load charge will be 0.50% of the applicable NAV.

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

ICICI Prudential Balanced Fund, ICICI Prudential Infrastructure Fund, ICICI Prudential Power, ICICI Prudential Discovery Fund, ICICI Prudential Services Industries Fund, ICICI Prudential Dynamic Plan, ICICI Prudential Emerging S.T.A.R. (Stocks Targeted At Returns) Fund, ICICI Prudential Banking & Financial Services Fund, ICICI Prudential Focused Equity Fund, ICICI Prudential Equity and Derivatives – Wealth Optimiser Plan, ICICI Prudential FMCG Fund, ICICI Prudential Indo Asia Equity Fund, ICICI Prudential Technology Fund and ICICI Prudential Target Returns Fund:

Excluding SIP/STP: If the amount sought to be redeemed or switched out is invested for a period of upto one year 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 one year from the date of allotment, the exit load charge will be nil.

For SIP/STP: If the amount sought to be redeemed or switched out is invested for a period of upto two 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 two years from the date of allotment, the exit load charge will be nil.

ICICI Prudential Child Care Plan – Gift Plan:

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

ICICI Prudential Index Fund:

If the amount sought to be redeemed or switched out is invested for a period of upto seven days from the date of allotment, the exit load charge will be 0.25% of the applicable NAV.

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

ICICI Prudential Income Multiplier Fund:

If the amount sought to be redeemed or switched out is invested for a period of upto 15 months 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 15 months from the date of allotment, the exit load charge will be nil.

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