
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.