
ICICI Prudential Mutual Fund has introduced Net Asset Value Appreciation Trigger Facility (NAT) in select schemes from April 6, 2012. Investors have to mention at what percentage of appreciation in NAV, units or the appreciation amount should be switched from source to target scheme. Presently, the trigger facility is available on appreciation of 0.75% or more in NAV.
For availing this facility in each source scheme, investors will have to fill separate enrolment forms. While, filling up the forms, investors must remember that once the trigger is mentioned, it can't be changed. It can only be cancelled and then fresh forms will have to be filled mentioning the new trigger.
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