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Pru ICICI MF Launches Another FMP

Prudential ICICI Mutual Fund is launching a closed-ended debt fund i.e.- Prudential ICICI Plan I. Presently, the scheme will have one sub plan viz. Year Plus. The fund would be open for subscription from March 16, 2005 to March 18, 2005. The minimum application amount is Rs. 25,000. The scheme offers growth and dividend options. The initial issue expense will be borne by the AMC. The fund would not charge any entry load but an exit load of 1.50% if redeemed before maturity. The maturity date of the Year Plus plan is 426th day from the day of allotment of the units under the plan.