ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 63 - 3 Years - Plan H, a close ended debt scheme. The tenure of the scheme is 1098 days.
The investment objective of the scheme is to seek to generate income 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 100% of assets in short term and medium term debt securities / debt instruments and securitized debt with low tom medium risk profile. The scheme will not invest in Central and State Government securities and money market instruments.Upto 5% of net assets would be invested in AAA rated non convertible debentures and 95% to 100% in AA rated non convertible debentures.
NFO Price: Rs 10 per unit
NFO Opens: April 18, 2012
NFO Closes: April 25, 2012
Options: Growth and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: NIL
Benchmark: Crisil Short Term Bond Fund Index
Manager: Mr. Chaitanya Pande.