ICICI Prudential Mutual Fund has announced the change in the fundamental attributes of ICICI Prudential Long Term Floating Rate Plan, with effect from February 21, 2012. Now, the name of scheme will be changed to ICICI Prudential Corporate Bond Fund. Accordingly, its benchmark will be CRISIL Short-term Bond Fund Index, it may invest upto 100% in debt instruments or money market instruments. It will have quarterly as well as half yearly dividend options.
Investors of ICICI Prudential Long Term Floating Rate Plan may exit without paying any exit load between January 20, 2012 and February 20, 2012.