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ICICI Pru MF: Change in Exit Load and Minimum Application under Income Plan and Gilt Fund - Investment Plan


ICICI Pru MF has notified the following changes in the exit load:

1. ICICI Pru Income Plan (Retail Option)
Exit load (revised): For amounts less than Rs. 1 crore, exit load @ 2% if units are redeemed within 6 months, 1.50% if units are redeemed after 6 months but within 1 year, 1% if units are redeemed after 1 year but within 18 months. There is no exit load under Institutional Option.
(Currently, the above load is applicable for investment upto Rs. 25 lakhs.)
Futher, the minimum application amount for all purchases / switches in ICICI Pru Income Plan - Institutional option will be Rs. 25,00,000/-.

2. ICICI Pru Gilt Fund - Investment Plan
Exit Load (revised): For amounts less than Rs. 1 crore, exit load of 1% if units are redeemed within 1 year from the date of allotment.
(Currently, for amounts less than Rs. 25 lakhs, exit load of 0.75% is chargeable if units were redeemed within 1 year.)
The changes take effect from December 16, 2008.