With effect from 18 December 2009
ICICI Prudential Mutual Fund has announced to modify the exit load
structure and minimum application amount of ICICI Prudential Long Term
Plan. The changes will be effective from 18 December 2009.
Exit Load Structure under all the options of the Scheme:
Accordingly the exit load charge will be 1.50% of the applicable NAV,
if the amount sought, to be redeemed or switched out, is invested for a
period of upto 6 months from the date of allotment.
If the amount sought, to be redeemed or switched out, is
invested for a period of more than 6 months but upto 12 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 12 months but upto 18 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 18 months from the date of allotment
the exit load charge will be nil.
Change in Minimum Application Amount:
The minimum application amount for fresh purchase / switch-ins
under the Premium Option of the Scheme would be Rs 50 lakh and in
multiples of Re 1 thereafter and under the Premium Plus Option of the
Scheme would be Rs 5 crores and multiples of Re 1 thereafter.
ICICI Prudential Long Term Plan is an open ended income fund
with the investment objective to generate income through investment in
range of debt and money market instruments while maintaining optimum
balance of yield, safety and liquidity.