ICICI Prudential Mutual Fund announced to change the exit load of ICICI Prudential Banking and PSU Debt Fund with effect from July 22, 2013.
Investments redeemed/ switched out within 15 days of allotment of units, will be charged exit load at 0.25 per cent of the NAV. While those switched out after 15 days will not bear any load.
Prior to this the scheme charged load at 2 per cent from investments redeemed/switched out within 11 months from the date of allotment.
