ICICI Prudential Mutual Fund reduces minimum holding period for exit load in five schemes

In a move aimed at improving investor flexibility, ICICI Prudential Asset Management Company has revised the exit load structure across several of its key equity schemes, sharply reducing the minimum holding period required to avoid charges.

Funds getting exit load holding period cut

• ICICI Prudential Large Cap Fund

• ICICI Prudential Flexicap Fund

• ICICI Prudential Multicap Fund

• ICICI Prudential Dividend Yield Equity Fund

• ICICI Prudential Innovation Fund

What has changed

Under the revised structure, investors will now pay an exit load of 1% only if they redeem or switch out within one month of investment. If the investment is held for more than one month, no exit load will apply.

Earlier, the same 1% exit load was applicable if investors exited within one year, making the new rule a significant relaxation.

What it means for investors

The change effectively reduces the “penalty period” from 12 months to just 30 days, giving investors much more flexibility to enter and exit without incurring costs.

However, the revised structure will apply only to investments made on or after April 6, 2026. Existing investments will continue under the old exit load rules.

All other provisions in the Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) remain unchanged, the fund house said.