ICICI Prudential mutual fund has approved changes in minimum application amount and exit load structure of ICICI Pru Income Opportunities Fund. The proposed changes will be in operation from 1 June 2009. Accordingly, the minimum application amount for all fresh purchases/switches for institutional option under the scheme will be Rs 10 lakh and in multiples of Re 1 thereafter.
Hereafter, the scheme will charge an exit load of 1.00% for an investment upto Rs 1 crore, if the amount sought to be redeemed or switched out is invested for a period of upto one year from the date of allotment and it will not charge any exit load if the amount sought to be redeemed or switched out is invested for a period of more than one year from the date of allotment. The scheme will not charge any exit load for an investment of Rs 1 crore and above.
The scheme is an open ended income fund that intends to generate income through investments in a range of debt and money market instrument of various credit ratings and maturities with a view of maximizing income while maintaining an optimum balance of yield, safety and liquidity.
Hereafter, the scheme will charge an exit load of 1.00% for an investment upto Rs 1 crore, if the amount sought to be redeemed or switched out is invested for a period of upto one year from the date of allotment and it will not charge any exit load if the amount sought to be redeemed or switched out is invested for a period of more than one year from the date of allotment. The scheme will not charge any exit load for an investment of Rs 1 crore and above.
The scheme is an open ended income fund that intends to generate income through investments in a range of debt and money market instrument of various credit ratings and maturities with a view of maximizing income while maintaining an optimum balance of yield, safety and liquidity.
No comments:
Post a Comment