ICICI Pru MF has notified the introduction of Monthly Systematic Investment Plan (SIP) under Retail Plan of ICICI Pru Blended Plan - B. The features under the new option will incude a minimum of 12 installments of Rs. 1,000 (minimum) each.
Further, the load structure for all prospective investments under the plan will
be revised as follows:
Entry Load: 2%
Exit Load: 0.50% if redeemed within 6 months.
Currently, the scheme charges an entry load of 1.50% and exit load of 1.50% if units are redeemed within 12 months.
The aforesaid changes are effective from April 20, 2009.