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Introduction of STP facility under ICICI Prudential Target Returns Fund


ICICI Prudential Mutual Fund has introduced systematic transfer plan (STP) facility under ICICI Prudential Target Returns Fund. The scheme will act as a target scheme and STP will be available at weekly, monthly and quarterly frequencies.

The change will be effective from September 25, 2014.

The fund house also introduced half yearly frequency under the dividend option of the regular and direct plan under ICICI Prudential Short Term Plan and ICICI Prudential Income Opportunities Fund.

The change will be effective from September 24, 2014.