ICICI Prudential MF alters maximum investment amount per investor for 2 debt funds

ICICI Prudential MF alters maximum investment amount per investor for 2 debt funds

ICICI Prudential Mutual Fund has modified the maximum amount of investment allowed per investor under two debt schemes with effect from October 1, the fund house said in a notice .

The maximum amount an investor can invest in ICICI Prudential Regular Savings Fund will be Rs 50 crore, while that in ICICI Corporate Bond Fund will be Rs 100 crore.

However, this will be subject to the aggregate assets under management of such investors not exceeding 10 percent, and the maximum investment per investor not being more than 5 percent of the scheme’s assets.All other features of the schemes remain unchanged.

 [“Source-timesofindia”]