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ICICI Pru Banking and PSU Debt introduces Retail and Premium option


Effective August 25, 2010, ICICI Prudential Mutual Fund has introduced the Retail and Premium option under ICICI Prudential Banking and PSU Debt. The minimum amount is Rs.5000 for Retail option and Rs.25 lakh for Premium option. The scheme has Growth and Dividend (daily and weekly dividend reinvestment facility) as the sub-options. The scheme will charge an exit load of 0.50% if redeemed upto 90 days from the date of allotment.

In addition to this the scheme will also revise the minimum amount under the Premium Plus option of the scheme to Rs.1 crore.