ICICI Prudential Mutual Fund has announced revision in the exit load structure across multiple schemes, with the changes taking effect from July 23, 2026. According to reports from ICICI Prudential Mutual Fund, the revision affects eight schemes that previously had exit loads ranging from 1% for redemption within 12 months to 1% for redemption within 365 days. The fund house has standardized the exit load period to 1 month across all affected schemes.
The revised exit load structure applies to eight specific schemes within the ICICI Prudential portfolio. As reported by ICICI Prudential Mutual Fund, the changes affect the ICICI Prudential Active Momentum Fund, ICICI Prudential Conglomerate Fund, ICICI Prudential Equity Minimum Variance Fund, ICICI Prudential ESG Exclusionary Strategy Fund, ICICI Prudential Manufacturing Fund, ICICI Prudential MNC Fund, ICICI Prudential Quality Fund, and ICICI Prudential Rural Opportunities Fund. All these schemes previously had exit loads ranging from 1% for redemption within 12 months to 1% for redemption within 365 days.
The revision represents a significant reduction in exit load charges across the affected schemes. According to the fund house announcement, the exit load has been reduced from 12 months to 1 month for most schemes, while the ESG Exclusionary Strategy Fund and Manufacturing Fund previously had 365-day exit loads, which have now been standardized to 1 month. This change will impact investors who choose to redeem their units within the first month of investment, as they will now face a 1% exit load instead of the previous longer holding period requirements.
