ICICI Pru MF changes load structure for Gilt Fund- Investment Plan

ICICI Prudential Mutual Fund has decided to make changes to the load structure excluding Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) of ICICI Prudential Gilt Fund- Investment Plan, an open-ended short term gilt fund.

The amendment will be effective from November 7, 2008.

Following the revamp, the scheme will charge an exit load of 0.75% for an investment of less than Rs 2 crore if the amount is sought to be redeemed or switched out in less than one year from the date of allotment. The scheme will not charge any exit load for investment of Rs 2 crore and above.