StockMarketNifty.com

ICICI Prudential asset management company (AMC) has announced changes in the exit load structure of its recently launched open-ended equity diversified scheme, ICICI Prudential Focused Equity Fund. As per the announcement, for investment amount below Rs. 5 crore, the scheme will charge an exit load of 1 per cent if the units under the scheme are redeemed or switched out within 6-months from the date of allotment, and if the units allotted are redeemed or switched out within 1-year then the scheme will charge an exit load of 0.5 per cent. However, the scheme will not charge any exit load if the units allotted are redeemed after 1-year or if the investment amount is above Rs. 5 crore.