ICICI Prudential mutual fund has approved the minimum application amount during specified transaction period under institutional option of ICICI Prudential Interval Fund IV-Quarterly Interval Plan B, a debt oriented interval scheme. This new fund was opened for initial subscription on 18 September 2008 till 23 September 2008.Accordingly, minimum application amount for fresh subscription during specified transaction period under institutional plan will be Rs 25 lakh and in multiples of Re. 1 thereafter. The changes are with effect from 24 September 2008.
There will be no entry load. While it may ask 0.5% exit load if investment units get redeemed at anytime other than the specified transaction period and nil for redemption during specified transaction period.
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