Wednesday, November 12, 2008

MF Introduces New Investment Option Multiples - Nov 12, 2008

ICICI Prudential mutual fund has approved the introduction of new investment option as Institutional option I under ICICI Prudential Index Fund with effect from 11 November 2008. It is an open-ended index linked growth scheme and the institutional plan I offers only growth option and the existing option is retail option under the scheme. The minimum application amount under institutional plan I will be Rs 1 lakh and thereafter in multiples of Re. 1.

Minimum additional subscription amount will be Rs. 500 and thereafter in multiples of Re. 1. Minimum Redemption Amount will be Rs. 500 and thereafter in multiples of Re. 1.

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