Mumbai: ICICI Prudential Mutual Fund has
decided to merge ICICI
Prudential Fusion Fund, ICICI Prudential Equity Opportunities Fund and
ICICI Prudential Fusion Fund – Series III into ICICI Prudential Dynamic
Plan with effect from May
13, 2011.
After merger of the schemes, the
scheme’s salient features will change:
Scheme Objective: To generate capital appreciation by actively investing in
equity and equity related securities. For defensive considerations, the scheme
may invest in debt, money market instruments and derivatives.
Minimum Application
Amount: Retail Option- Rs 5000 in multiples
of Re 1 thereafter and Institutional Option & Institutional
Option I - Rs 1 crore plus in multiple of Rs 1
thereafter
Option /
Sub-options: Retail Option – Growth and
Dividend; Institutional option and Institutional Option I- Growth
Exit Load: The scheme will charge 1 per cent of
exit load if
units were redeemed within 1 year from the date of allotment
Investors, who do not agree
with the revision, have an option to redeem or switch their units between April
13, 2011 and May 13, 2011.
