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Thursday, March 3, 2016

ICICI Prudential MF Minimum Investment Amount

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ICICI Prudential Mutual Fund has approved following changes in the minimum requirements of all Plans/Options under the schemes with effect from February 12, 2016:

Scheme NameExistingProposed
ICICI Prudential Liquid Plan, ICICI Prudential Money Market Fund,ICICI Prudential Flexible Income PlanMinimum Fresh Investment: R5,000 (plus in multiples of R1) Minimum Additional Investment: R1,000 (plus in multiples of R1)Minimum Fresh Investment: R500 (plus in multiples of R1) Minimum Additional Investment: R100 (plus in multiples of R1)
 
 
 
 
 
 
 
The minimum application amount for Systematic Investment Plan (SIP), Systematic Transfer Plan(STP) - Source and Target and Switches (In and Out) within the said schemes will also be reduced to R500. 
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