ICICI Prudential Mutual Fund has approved the revision in the exit load structure under ICICI Prudential Income Opportunities Fund and ICICI Prudential Growth Plan with effect from January 27, 2009.
Under retail plan, the scheme will levy 1% exit load for an investment of less than Rs 1 crore if the amount, sought to be redeemed or switched out, is invested upto 12 months from the date of allotment. While the exit load will be nil if the amount to be redeemed or switched out, is invested for more than 12 months from the date of allotment. On the other hand, for the investment Rs 1 crore and above, the scheme will not levy any exit load. No exit load will be charged for the institutional option of the scheme.
Under retail plan, the scheme will levy 1.00% exit load for an investment of less than Rs 5 crore if the amount, sought to be redeemed or switched out, is invested upto 12 months from the date of allotment. While no exit load will be charged if the amount, sought to be redeemed or switched out, is invested for a period more than 12 months from the date of allotment. For the investment above Rs 5 crore, the scheme will not levy any exit load.
Under retail plan, the scheme will levy 1% exit load for an investment of less than Rs 1 crore if the amount, sought to be redeemed or switched out, is invested upto 12 months from the date of allotment. While the exit load will be nil if the amount to be redeemed or switched out, is invested for more than 12 months from the date of allotment. On the other hand, for the investment Rs 1 crore and above, the scheme will not levy any exit load. No exit load will be charged for the institutional option of the scheme.
Under retail plan, the scheme will levy 1.00% exit load for an investment of less than Rs 5 crore if the amount, sought to be redeemed or switched out, is invested upto 12 months from the date of allotment. While no exit load will be charged if the amount, sought to be redeemed or switched out, is invested for a period more than 12 months from the date of allotment. For the investment above Rs 5 crore, the scheme will not levy any exit load.
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