MUTUAL FUNDS
ICICI Prudential AMC announces changes in deduction of Transaction Charges
Jun-27-2017

ICICI Prudential Asset Management Company has announced changes in SID, KIM, and SAI on deduction of Transaction Charges in the schemes of ICICI Prudential Mutual Fund.

As per the announcement, pursuant to clarification issued by AMFI vide no.35P/MEM-COR/07/2017-18, dated May 09, 2017, it is clarified that ‘Transaction Charges’ shall also be deducted on purchases/subscriptions received through non-demat mode from the investors investing through a valid ARN holder i.e. AMFI Registered Distributor (provided the distributor has opted-in to receive the transaction charges) in respect of transactions routed through Stock Exchange(s) platform viz. NSE Mutual Fund Platform (‘NMF II’) and BSE Mutual Fund Platform (‘BSE STAR MF’).

All other provisions for levy of Transaction Charges will remain unchanged.

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