ICICI Prudential Mutual Fund has announced change in exit load structure under ICICI Prudential Regular Savings Fund and ICICI Prudential MIP 5, with effect from 15 October 2014.
Accordingly, the exit load will be:
ICICI Prudential Regular Savings Fund:
If units purchased or switched in from another scheme of the fund are redeemed or switched out within 18 months from the date of allotment, the exit load will be 1% of the applicable NAV.
If units purchased or switched in from another scheme of the fund are redeemed or switched out after 18 months from the date of allotment, the exit load will be Nil.
ICICI Prudential MIP 5:
If units purchased or switched in from another scheme of the fund are redeemed or switched out within 1 year from the date of allotment, the exit load will be 1% of the applicable NAV.
If units purchased or switched in from another scheme of the fund are redeemed or switched out after 1 year from the date of allotment, the exit load will be Nil.