ICICI Prudential Mutual Fund has revised exit load structure under its scheme, ICICI Prudential Nifty Junior Index Fund. As per the revision, scheme will charge an exit load of 1 per cent, if the investments are redeemed within one year from the date of allotment. Currently, the scheme charges 0.25 per cent exit load, if units are redeemed within 7 days from the date of allotment. The revision is effect from 07th July, 2010. ICICI Prudential Nifty Junior Index Fund is an open ended index fund with the investment objective to invest in companies whose securities are included in Nifty Junior Index and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error.
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