ICICI Prudential Mutual Fund is updating the exit load structure of the ICICI Prudential Regular Savings Fund and the ICICI Prudential Long Term Plan, India Infoline reports. The exit load structure for the savings fund will be 2% of the applicable net asset value, if the amount sought to be redeemed or switched out is invested for a period of up to 15 months from the date of allotment. For the long-term plan, no exit load will be applicable in case a switch out is made to any of the open-ended equity-oriented or equity-linked savings schemes and hybrid schemes other than the ICICI Prudential Child Care Plan. Both the schemes invest in a basket of debt and money market instruments.
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