ICICI Pru Mutual Fund has announced a change in the exit load of ICICI Pru MIP 5 and Ultra Short Term Plan with effect from December 3, 2012.
For MIP 5, a load of 1% shall be applicable if units are redeemed within 6 months from the date of allotment instead of the earlier applicable 12 months.
For Ultra Short Term, a load of 0.25% is applicable if units are redeemed within 1 month from the date of allotment instead of the presently applicable 15 days.
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