HomeNewsBusinessMutual FundsICICI 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

The maximum amount an investor can invest in ICICI Prudential Regular Savings Fund will be 50 crore rupees

October 03, 2017 / 15:25 IST
Story continues below Advertisement

Himadri Buch Moneycontrol News

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.

Story continues below Advertisement

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.

Himadri Buch
first published: Oct 3, 2017 03:25 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!