The NFO opens on July 18, 2011 and closes on July 21, 2011.
The tenure of the scheme is 367 Days. The issue price offered for the scheme is Rs 10 per unit and the scheme is proposed to be listed on BSE.
The minimum application amount is Rs 5,000 and after that additional investment can be made of Rs 10.
The fund targets to collect a minimum subscription amount of Rs 5 crore under the scheme during the NFO period.
The investors will be provided with the two options: Cumulative and Dividend. Dividend option offers the facility of dividend payout. Investor needs to choose any of the option while investing, if he is not specifying the same at the time of investing, it will be implied that investor has opted for Cumulative option.
The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities or debt instruments which mature on or before the date of maturity of the scheme.
Allocation of funds:
The scheme will allocate up to 100% of assets in Central and State Government securities. It would further invest in money market instruments, short term and medium term debt securities / debt instruments and securitized debt with low to medium risk profile.
Mr. Chaitanya Pande will be the Fund Manager of this scheme.
Pande is PGDBM from IMI, New Delhi and BSc from St. Stephens College, New Delhi. He has 15 years of overall work experience and currently holds the position of Manager – Fund Management with ICICI Prudential.
He manages a good number of schemes stating few as ICICI Prudential Liquid Plan, ICICI Floating Rate Plan, ICICI Prudential Banking and PSU Debt Fund, etc.
NFO Opens: July 18, 2011
NFO Closes: July 21, 2011
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend
Minimum Application Amount: Rs 5,000 per application and additional Rs. 10, thereafter
Exit Load: Nil
Benchmark: Crisil Short Term Bond Fund Index
Fund Manager: Chaitanya Pande