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ICICI Prudential Mutual Fund increases exit load in Short Term Plan to 0.50% from 0.25%
Mumbai: ICICI Prudential Mutual Fund has revised the exit load structure in ICICI Prudential Short Term Plan with effect from July 5, 2011. The fund house will charge 0.50 per cent as exit load if units are redeemed within 6 months from the date of allotment. Exit load is not applicable if units are redeemed after 6 months.
The scheme earlier charged 0.25 per cent as exit load if units were redeemed within 3 months from the date of allotment. The scheme is managed by Manish Banthia. It is benchmarked against Crisil Short Term Bond Fund Index.