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ICICI Prudential MF introduces Trigger Facility


ICICI Prudential Mutual Fund has introduced trigger facility under ICICI Prudential Target Returns Fund with effect from August 12, 2014. Under this facility, the investor can switch their investments into a pre-selected debt scheme on reaching a particular trigger level.

The default trigger is now set at 50 per cent of the appreciation in NAV instead of 20 per cent.

The revised exit load will be 1 per cent for redemption within 18 months of allotment.