ICICI Pru MF adds new plan in Interval Fund-Monthly Income Plan I
ICICI Prudential Mutual Fund has approved introduction of Institutional option under ICICI Prudential Interval Fund-Monthly Income Plan I with effect from 12 August 2008.
The salient features of institutional option are:
Minimum application amount: Rs 2 crore and in multiples of Re 1 thereafter.
Minimum additional subscription amount: Rs 1000 and in multiples of Re 1 thereafter.
Minimum redemption amount (during repurchase period): Any amount in multiples of Re 1.
Sub-option available: Cumulative or dividend sub-option. Both the sub-options will have the same portfolio. Dividend sub-option shall be the default sub-option. Under dividend sub-option, dividend payout and dividend reinvestment facilities are available. Dividend reinvestment is the default facility under dividend sub-option.
Entry load: Nil
Exit load: Nil if redeemed during the specified transaction period. 0.2% of the applicable NAV if redeemed at anytime other than the specified transaction period.
Related posts:
- UTI MF Declares Dividend For Fixed Income Monthly Interval Plan
- ICICI Prud MF Announces NFO Of ICICI Prud Target Returns Fund
- UTI MF Declares Dividend Under Fixed Income Quarterly Interval Plan
- UTI MF Declares Dividend Under Quarterly Interval Plan
- IDFC Super Saver Income Fund-Plan C Revises Exit Load
