ICICI Prudential MF Launches Multiple Yield Fund - Series 2 - Plan C

Mutual Funds

oi-Sneha

By Sneha B K

Published: Wednesday, December 21, 2011, 15:09 [IST]

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Multiple Yield Fund - Series 2 - Plan C, a close ended income fund. The tenure of the plan is 1100 days. The New Fund Offer price for the scheme is Rs 10 per unit.

Investment Objective:
The primary objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments.

The secondary objective of the scheme is to generate long term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments.

The fund seeks to collect a minimum subscription amount of Rs 20 crore during the NFO period.

Allocation of funds:
The scheme will allocate 65% to 100% of assets in short term and medium term debt securities / debt instruments and securitized debt with low to medium risk profile. It would allocate upto 10% of assets in money market instruments with low to medium risk profile. On the flip side it would allocate upto 35% of the asset in equity or equity related securities with medium to high risk profile.

Basic Details:
NFO Opens: December 19, 2011
NFO Closes: December 29, 2011
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend Payout
The minimum application amount: Rs 5,000 and in multiples of Rs 10 thereafter.
Listing: BSE
Exit Load: Nil
Benchmark: Crisil MIP Blended Index
Fund Managers: Mr. Mrinal Singh, Chaitanya Pande and Rajat Chandak.

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