Widely read:
ICICI Prudential Mutual Fund has revised the exit load of ICICI Prudential Child Care Plan-Gift Plan and ICICI Prudential Child Care Plan-Study Plan to 3 per cent for redemption within 1 year, 2 per cent for redemption between 1 year to 2 years and 1 per cent for redemption between 2 years to 3 years. Presently, the current exit load of both the schemes is 1 per cent for redemption within 3 years.
The fund house has also announced the introduction of lock in feature in the schemes for the unit holders less than 18 years of age.
The changes will be effective from October 01, 2014.
