With effect from 12th November, 2008, ICICI Prudential Mutual Fund has enabled a Micro Systematic Investment Plan (Micro SIP) facility for ICICI Prudential Liquid Plan – Growth option. Under this scheme the facility would be available only for investments in ICICI prudential Liquid Plan – growth plan; it enables minimum installments Rs.100 only and in multiples of Rs.10 thereafter. It allows variable installments constrained to minimum of Rs.100 per installment. ICICI Prudential Mutual Fund states that the MicroSIP dates would be subject to agreement between the AMC & the authorized entities.
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