ICICI Prudential MF Launches One Year Fixed Maturity Plan

Published: Friday, March 2, 2012, 13:03 [IST]

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 62 - 1 Year Plan G, a close ended debt scheme. The tenure of the scheme is 367 days.

Investment Objective:
The investment objective of the scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme.

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

Allocation of funds:
The scheme will allocate upto 10% of assets in central & state government securities with low to medium risk profile, 90% to 100% of assets in money market instruments, short term and medium term debt securities / debt instruments and securitized debt with low to medium risk profile. 95% to 100% of net assets would be invested in A1 rated certificate of deposits and upto 5% of net assets would be invested in AAA rated non convertible debentures.

Basic Details:
NFO Opens: March 2, 2012
NFO Closes: March 5, 2012
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: Crisil Short Term Bond Fund Index.
Exit Load: Nil
Listing:BSE
Fund Manager:Mr. Chaitanya Pande.

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Story first published: Friday, March 2, 2012, 13:03 [IST]