ICICI Prudential Mutual Fund has unveiled a new fund named as ICICI Prudential Capital Protection Oriented Fund II - Series XII - 12 Months Plan, a close ended capital protection oriented fund. The tenure of the scheme is 373 Days.
The investment objective of the scheme is to seek to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the scheme.
Allocation of Funds:
The scheme will allocate 93% to 100% of assets in debt securities & money market instruments with low to medium risk profile. On the flipside it would allocate upto 7% of assets in equity and equity related securities with medium to high risk profile. 95% to 100% of assets would be invested in A1+ rated certificate of deposits and upto 5% in AAA rated non convertible debentures.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
Debt portion of the scheme will be managed by Chaitanya Pande and equity portion will be managed by Rajat Chandak. The investments of the scheme in ADR/GDR and other foreign securities are being handled by Punit Mehta
NFO Price: Rs 10 per unit
NFO Opens: May 24, 2012
NFO Closes: May 30, 2012
Options: Cumulative and Dividend Payout
Benchmark: Crisil MIP Blended Index.
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
For further details visit www.icicipruamc.com