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Friday, September 26, 2014

ICICI Prudential Child Care Plan Announces Change In Exit Load Structure

With effect from 01 October 2014 

ICICI Prudential Mutual Fund has announced change in exit load under ICICI Prudential Child Care Plan – Gilt Plan and ICICI Prudential Child Care Plan – Study Plan, with effect from 01 October 2014. 

Accordingly the revised exit load will be: 

If units purchased or switched in from another scheme of the fund are redeemed or switched out within one year from the date of allotment – 3% of the applicable Net Asset Value (NAV). 

If units purchased or switched in from another scheme of the fund are redeemed or switched out between the first year and second year from the date of allotment – 2% of the applicable Net Asset Value (NAV). 

If units purchased or switched in from another scheme of the fund are redeemed or switched out between the second year and third year from the date of allotment – 1% of the applicable Net Asset Value (NAV). 

If units purchased or switched in from another scheme of the fund are redeemed or switched out after three years from the date of allotment – Nil.
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