ICICI Prudential Mutual Fund has announced the conversion of ICICI Prudential Fusion Fund- Series III into an open-ended scheme with effect from March 14, 2011.
Investors who want to exit the scheme can redeem their units within a period of 30 days starting from February 17, 2011 without paying any exit load.
New investment in the scheme will be subject to an exit load of 1 per cent if redeemed within 1 year from the date of allotment.
