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.
The changes, approved by ICICI Prudential Trust, will come into effect from April 6, 2026, and will apply only to fresh investments.
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.
The move is likely to appeal to investors looking for greater liquidity, especially in volatile markets where flexibility can make a difference.
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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Investors should do their own research or consult a registered financial advisor before making investment decisions.