ICICI Pru Changes Exit Load of Four Equity Schemes

ICICI Prudential Mutual Fund has announced a change in the exit load of ICICI Pru Equity and Derivative -Volatility Advantage Plan, Discovery Fund, Top 100 and Dynamic Plan with effect from October 1, 2012.

An exit load of 3% shall be applicable if units are redeemed/ switched out within 6 months from the date of allotment, the load shall get reduced to 2% if redeemed after 6 months and within 18 months from the date of allotment.

Prior to the implementation of this change, an exit load of 1% is applicable if units are redeemed within a period of 15 months from the date of allotment for all the schemes except Dynamic. For Dynamic Plan, a load of 1% is applicable for exit within 1 year.