ICICI Prudential Mutual Fund to alter exit load structure in 7 schemes from Aug 1
ICICI Prudential Mutual Fund will revise the exit load structure of seven schemes with effect from Aug 1, the fund house said in an addendum.
Subsequently, five schemes– ICICI Prudential Equity Savings Fund, ICICI Prudential Banking & Financial Services Fund, ICICI Prudential Infrastructure Fund, ICICI Prudential Technology Fund and ICICI Prudential FMCG Fund, an exit load of 1 percent will be charged on redemption of units within 15 days from the date of allotment.
Under two schemes– ICICI Prudential Ultra Short Term Fund and ICICI Prudential Child Care Fund (Gift Plan), no exit load will be charged.
The changed exit load will be applicable to lump-sum subscriptions, and subscriptions under systematic investment, transfer and withdrawal plans, the addendum stated.
All other features of the schemes will remain unchanged.