ICICI Prudential MF introduces Net Asset Value Appreciation Trigger facility

ICICI Prudential Mutual Fund has introduced Net Asset Value Appreciation Trigger (NAT) facility in select schemes for the benefit of the unit holders with effect from April 6, 2012. NAT is a standing instruction given by the investor to switch units from source scheme to a target scheme in a given folio, when a particular criteria is satisfied.

Currently, on appreciation of 0.75% or more in Net Asset Value, the trigger will be hit, accordingly, the appreciation amount will be switched from source scheme to target scheme. Switch transaction will be processed on the business day the trigger condition is satisfied. The load structure prevalent at the time of enrolment shall govern the investors during the tenure of the NAT.

Source: http://www.rsec.co.in/market-and-news/mutual-funds/mutual-fund-news-details/icici-prudential-mf-introduces-net-asset-value-appreciation-trigger-facility/180363