ICICI Prudential Mutual Fund has planned to revise the exit load structure under its scheme ICICI Prudential Long Term Floating Rate Plan. As per the revision, scheme will charge an exit load of 0.25 per cent if the investments are redeemed within 1 month from the date of allotment. The revision has been effective from 23rd June, 2010. ICICI Prudential Long Term Floating Rate Plan is an open ended debt scheme with the investment objective to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity. The scheme is managed by Mr. Chaitanya Pande and benchmarked against Crisil Liquid Fund Index.
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