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.
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