ICICI Prudential Mutual Fund enabled a facility to submit switch-out request during the NFO period of ICICI Pru Value Fund- Series 1 or at any time before maturity of the scheme.
The NFO of closed-end ICICI Pru Value Fund will be available for subscription from October 18, 2013 to October 28, 2013.
The new facility has been enabled for switch to any of the NFOs or any open-ended scheme of the AMC. The facility shall not be applicable for units held in demat form.
Dividend Transfer Plan (DTP) will also be available under the scheme. If an investor opts for this facility, the dividend will be automatically invested into any open-ended scheme of the fund house.