Prudential ICICI MF Changes Load Structure

Prudential ICICI Mutual Fund has revised the load structure of its three schemes, that is Prudential ICICI Long term plan, Index fund and Equity and diversified fund- wealth optimiser plan. The new structure of entry and exit load will be applicable from 3rd April 2007. The changes in the load structure of these schemes are as follows: 1) Prudential ICICI Long Term plan: There would be no entry and exit load. 2) Prudential ICICI index fund: The entry load will be 1% of the applicable NAV and there will be no exit load. 3) Prudential ICICI Equity and diversified fund- wealth optimiser plan: a) An entry load of 2.25% of the applicable NAV for investment less than Rs 5 crore and there is no entry load if the investment is more than Rs 5 crore. b) An exit load of 0.50% of the applicable NAV if the units are redeemed or switched within six month from the date of allotment.