ICICI Prudential Mutual Fund has unveiled a new fund named as ICICI Prudential Fixed Maturity Plan - Series 59 - 1 Year Plan F, a close ended debt scheme. The tenure of the scheme is 367 days.
The investment objective of the scheme is to generate fixed income returns by investing in a portfolio of fixed income securities/ debt instruments maturing on or before the date of maturity of the scheme.
Presently, two options are available under the scheme viz. cumulative and dividend option. Dividend Payout is the only facility available under dividend option. The cumulative option shall be default option under the scheme.
The fund seeks to collect a minimum subscription amount of Rs 5 crore under the scheme during the NFO period
Allocation of funds:
The scheme will allocate upto 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.
NFO Opens: December 12, 2011
NFO Closes: December 19, 2011
NFO Price: Rs 10 per unit
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: Nil
Benchmark: Crisil Short Term Bond Fund Index
Fund Manager: Mr. Chaitanya Pande