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Friday, September 28, 2012

ICICI Prudential Mutual Fund announces change in exit load under various schemes

With effect from 1 October 2012 

ICICI Prudential Mutual Fund has announced change in the exit load structure under all the options of ICICI Prudential Equity and Derivative Fund-Volatility Advantage Plan, ICICI Prudential Discovery Fund, ICICI Prudential Top 100 Fund and ICICI Prudential Dynamic Plan, with effect from 1 October 2012. Accordingly, the revised exit load structure will be: 

3% of the applicable Net Asset Value-if the amount sought to be redeemed or switched out is invested for a period of upto 6 months from the date of allotment. 

2% of the applicable Net Asset Value-if the amount sought to be redeemed or switched out is invested for a period from 6 months up to 18 months from the date of allotment and
Nil-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.
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