ICICI Prudential MF Notifies Change In Load Structure

ICICI Prudential Mutual Fund has revised load structure in ICICI Prudential Equity and Derivatives Fund-Wealth Optimiser Plan. The scheme will charge 0.5% of the applicable NAV if redemptions /switchout are made within six months from the date of investment. However no charge will be laid for investment of Rs 5 crore and above and redeemed at any time. Also the charges are nil for redemptions made under Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP). For switches made from ICICI Prudential Equity and Derivatives Fund Income Optimiser Plan or ICICI Prudential Blended Plan (Plan A) to any equity scheme the entry load as applicable to the target scheme (i.e. scheme to which amount is switched) will be charged. The change in the load structure in the relevant scheme is with effect from 16 May 2007.