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ICICI Prudential Liquid plan introduces new plans


ICICI Prudential Mutual fund has approved the introduction of separate plans under ICICI Prudential Liquid Plan for deployment of unclaimed amounts with effect from June 1, 2016.The plans under the Scheme shall have the following nomenclature:

ICICI Prudential Liquid Plan - Direct Plan - Unclaimed Redemption Transitory Scheme (URTS)
ICICI Prudential Liquid Plan - Direct Plan - Unclaimed Dividend Transitory Scheme (UDTS)
ICICI Prudential Liquid Plan - Direct Plan - Unclaimed Redemption Stable Scheme (URSS)
ICICI Prudential Liquid Plan - Direct Plan - Unclaimed Dividend Stable Scheme (URSS)

Under 'Transitory scheme' the initial unclaimed amount shall be invested whereas under 'Stable Scheme' an investment post 3 years from the date of investment shall be transferred.