ICICI Prudential MF Revises Exit Load In Income Opportunities Fund - Feb 11, 2009

ICICI Prudential Mutual Fund has approved the revision in the exit load structure under ICICI Prudential Income Opportunities Fund with effect from February 11, 2009. Accordingly, under retail plan, for an investment up to Rs 1 crore the scheme will levy an exit load of 2.5% if the amount, sought to be redeemed or switched out, is invested upto 2 years from the date of allotment and nil if the amount to be redeemed or switched out, is invested for more than 2 years from the date of allotment. On the top of this, for the investment above Rs 1 crore, the scheme will not levy any exit load. There will be no exit load for the institutional option and for Systematic Transfer Plan (STP) out of retail option of the scheme.

ICICI Prudential Income Opportunities Fund is an open ended income fund that intends to generate income through investments in a range of debt as well as money market instruments.