Widely read:
Effective November 19, 2010, ICICI Prudential Mutual Fund has revised the exit load under ICICI Prudential Gilt Fund - Treasury Plan. Now the exit load will be 1% if investment is redeemed within 6 months from the date of allotment under all the options of the scheme. This load will be applicable to all transactions including SIP/ STP/ SWP and Micro SIP. Earlier the exit load used to be Nil.
The exit load will not be applicable to switches made from the scheme to any equity schemes of the fund house, except ICICI Prudential Index, ICICI Prudential Equity & Derivatives-Income Optimizer and ICICI Prudential Growth Fund.
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