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ICICI Prudential Fusion Fund turns Open-Ended


ICICI Prudential Mutual Fund has announced the conversion of ICICI Prudential Fusion Fund, a close-ended scheme into an open-ended diversified equity scheme with effect from March 24, 2011.

Investors, who want to exit, can redeem their units from February 22, 2011 to March 23, 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.