ICICI Pru MF announces revision in exit load under MIP scheme

ICICI Prudential Mutual Fund has revised exit load structure under ICICI Prudential Monthly Income Plan which also includes Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP).

The change will be effective from October 1, 2009. As per revised provision, an exit load of 1% is applicable on redemption of unit within 1 year, nil thereafter.

Under existing structure, 0.5% exit load is applicable on redemption of units within 180 days.