ICICI Prudential Mutual Fund has approved revision in the exit load structure under ICICI Prudential Ultra Short Term Plan excluding Systematic investment plan and System Transfer Plan, with effect from 6 July 2009. Accordingly, the scheme will charge an entry load of 0.25% of applicable NAV, if the amount sought to be redeemed or switched out is invested for a period of upto 15 days from the date of allotment.
And the scheme will not charge any exit load, if the amount sought to be redeemed or switched out is invested for a period of more than 15 days from the date of allotment.
ICICI Prudential Ultra Short Term Plan is an open ended income fund that intends to generate regular income through investments in a basket of debt and money market instruments of very short maturities with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield.
And the scheme will not charge any exit load, if the amount sought to be redeemed or switched out is invested for a period of more than 15 days from the date of allotment.
ICICI Prudential Ultra Short Term Plan is an open ended income fund that intends to generate regular income through investments in a basket of debt and money market instruments of very short maturities with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield.
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