ICICI Pru mutual fund has announced that changes to be made in the offer documents of ICICI Prudential Interval Fund and ICICI Prudential Interval Fund II. ICICI Prudential Interval Fund and ICICI Prudential Interval Fund II are debt oriented interval scheme. The investment objective of the schemes is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. The following changes are to be done with effect from 24 March 2008.
Investors holding units in any of the sub options i.e. dividend payout or dividend reinvestment under dividend option of the schemes can switch all or part of their investments from dividend payout sub option to dividend reinvestment sub option or vice-versa on any business day, which is at least five business days prior to the specified transaction period. The said switch transactions between the sub options shall not be subject to applicable entry/ exit load.
During specified transaction period in case no request is received from the investors for redeeming part or full investment, the entire amount would be continued.
Investors holding units in any of the sub options i.e. dividend payout or dividend reinvestment under dividend option of the schemes can switch all or part of their investments from dividend payout sub option to dividend reinvestment sub option or vice-versa on any business day, which is at least five business days prior to the specified transaction period. The said switch transactions between the sub options shall not be subject to applicable entry/ exit load.
During specified transaction period in case no request is received from the investors for redeeming part or full investment, the entire amount would be continued.
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