Prudential ICICI has revised the entry load for its open-end equity and balanced schemes from 2 per cent to 2.25 per cent with effect from May 17, 2004.
The affected funds will be Prudential ICICI Growth Plan, Prudential ICICI Power, Prudential ICICI Dynamic Plan, Prudential ICICI Tax Plan, Prudential ICICI Technology Fund, Prudential ICICI FMCG Fund and Prudential ICICI Balanced Fund.
Currently an entry load of 2% is charged on these funds for investments upto Rs. 5 Crores and for investments above Rs. 5 Crores, entry load is Nil. With effect from May 17, 2004, investments of Rs. 5 Crores and less in these funds will attract an entry load of 2.25% while for investments above Rs. 5 Crores, entry load would still be Nil.
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