ICICI Prudential Mutual Fund has announced change in exit load structure under all options of ICICI Prudential Corporate Bond Fund. With effect from 24 February 2012, the revised exit load will be:
3% of applicable NAV if redeemed within 12 months from the date of allotment
2% of applicable NAV if redeemed after 12 months but within 24 months from the date of allotment
1% of applicable NAV if redeemed after 24 months but within 30 months from the date of allotment
Nil if redeemed after 30 months from the date of allotment
Such changes will be applicable for investments received on or after 24 February 2012.