ICICI Prudential Mutual Fund has announced changes in load structure excluding Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) in ICICI Prudential Gilt Fund- Investment Plan, with effect from 7 November 2008.The scheme will charge an exit load of 0.75% of the applicable NAV for an investment of less than Rs 2 crore-if the amount, sought to be redeemed or switched out, is invested for a period of less than one year from the date of allotment.
The exit load is nil for investment of Rs 2 crore and above.ICICI Prudential Gilt Fund- Investment Plan is an open-ended short term gilt fund. The objective of the scheme is to generate regular returns through investments made in gilts.
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