Thursday, April 10, 2008

ICICI Prudential's Fund To Invest More In Stocks

Mumbai: ICICI Prudential Asset Management Co Ltd said on Wednesday it will raise the equity exposure limit in one of its mixed asset funds from May 2.

ICICI Prudential Child Care Plan - Study Plan, will invest up to 25 per cent of its assets in stocks as compared with up to 15 per cent now.

Those not willing to accept the change can redeem units without paying exit fee between April 10 and April 30, it said.

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