Fund News

Institutional Plan In Pru ICICI FMP 1Year Plus 6

Prudential ICICI Mutual Fund has announced the introduction of two institutional plans in Pru ICICI

Prudential ICICI Mutual Fund has announced the introduction of two institutional plans in Pru ICICI FMP 1Year Plus Yearly 6 - Institutional Option I and Institutional Option II. The minimum investment under Option would be Rs 15 crores and under Option II would be Rs 5 crores. The plans would be open for subscription from Jul 15, 2003 to July 23, 2003. The expenses would not exceed 1 per cent while the management fees would be limited to 0.70 per cent per annum.

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