ICICI Prudential Blended Plan announces various changes

26 Feb 2009 | 12:40 ICICI Prudential Blended Plan announces various changes
ICICI Prudential Mutual Fund has approved changes in the minimum application amount and exit load structure under ICICI Prudential Blended Plan, with effect from 27 February 2009.

Accordingly, under ICICI Prudential Blended Plan - Plan B (Institutional Option) the minimum application amount will Rs 500 and in multiples of Re 1 thereafter, additional purchase amount will be Rs 100 and in multiples of Re 1 thereafter and minimum redemption amount will be Rs 100 and in multiples of Re 1 thereafter.

Hereafter, the ICICI Prudential Blended Plan - Plan B (retail and institutional option) will charge an entry load of 1.50%. It will charge an exit load of 1.50% if the amount, sought to be redeemed or switched out, is invested for a period of upto 12 months from the date of allotment. No exit load will be charged if the amount sought to be redeemed or switched out, is invested for a period of more than 12 months from the date of allotment.

ICICI Prudential Blended Plan - Plan B is an open ended fund investing in a blend of equity, derivatives, debt and money market instruments under two plan viz. plan A and plan B, with the objective of plan B under the scheme is to provide capital appreciation and income distribution to unitholders by investing predominantly in debt securities and the balance portion in equity and equity related securities including derivatives.

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