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Tuesday, December 04, 2012

ICICI Prudential MF announces change in exit load structure under two schemes

With effect from 3 December 2012 

ICICI Prudential Mutual Fund has announced change in exit load structure under two schemes with effect from 3 December 2012. Accordingly, the changes are: 

ICICI Prudential MIP 5: 

If the amount, sought to be redeemed or switched out, is invested for a period of up to 6 months from the date of allotment-1% of applicable NAV. 

If the amount, sought to be redeemed or switched out, is invested for a period of more than 6 months from the date of allotment-Nil 

ICICI Prudential Ultra Short Term Plan: 

If the amount, sought to be redeemed or switched out, is invested for a period of up to 1 month from the date of allotment-0.25% of the applicable NAV. 

If the amount, sought to be redeemed or switched out, is invested for a period of more than 1 month from the date of allotment-Nil.
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