Saturday, July 31, 2010 09:54 Hrs IST

ICICI Prudential MF to Revise Exit Load Structure for Ultra Short Term Plan & Floating Rate Plan

With effect from 2 August 2010

ICICI Prudential Mutual Fund has announced the revision of exit load structure for ICICI Prudential Ultra Short Term Plan and ICICI Prudential Floating Rate Plan. The changes will be effective from 2 August 2010. The revision in exit load structure will be applicable for all the options of the schemes including Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) / Systematic Withdrawal Plan (SWP) / Micro SIP.

ICICI Prudential Ultra Short Term Plan

The exit load charge will be 0.25% of the applicable NAV, if the amount sought to be redeemed or switched out, is invested for a period of upto 10 days from the date of allotment. The exit load charge will be nil if the amount sought to be redeemed or switched out, is invested for a period of more than 10 days from the date of allotment.

ICICI Prudential Floating Rate Plan

The exit load charge will be 0.25% of the applicable NAV, if the amount sought to be redeemed or switched out, is invested for a period of upto one month from the date of allotment. The exit load charge will be nil if the amount sought to be redeemed or switched out, is invested for a period of more than one month from the date of allotment.