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

Posted By:
Subscribe to GoodReturns

ICICI Pru MF Launches Multiple Yield Fund
ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Multiple Yield Fund - Series 2 - Plan D, 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: January 19, 2012
NFO Closes: January 30, 2012
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: Nil
Benchmark: Crisil MIP Blended Index.
Fund Managers: Chaitanya Pande, Mr. Mrinal Singh and Rajat Chandak.


Read more about: mutual funds, icici, nfo
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'