ICICI Prudential MF introduces MicroSIP
April 18th, 2007
If you would like to invest in Mutual Funds and do not have enough funds even for the minimum application amount, there is good news for you. ICICI Prudential has announced MicroSIP that allows investors to put in money as investments for as low as Rs. 50 and Rs. 100. Of course, units purchased via the MicroSIP route will be put in Growth option only. Entry loads will be 2.25% while Exit loads differs depends on the time and amount being invested. All other terms and conditions of SIP will apply for MicroSIP as well.
Introducing MicroSIP investments with low starting amounts are believed to increase the investor base as well as the volume of investments that goes into mutual funds.
Entry Filed under: Mutual Funds, ICICI Prudential MF, Fund Houses & AMCs
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