ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 63 - 3 Years Plan K, 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.
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. Investment in securitized debt would be upto 50%.
Upto 5% of net assets would be invested in AAA rated non convertible debentures and 95% to 100% in AA rated non convertible debentures.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
NFO Opens: May 21, 2012
NFO Closes: May 28, 2012
NFO: Rs 10 per unit
Listing:Crisil Short Term Bond Fund Index.
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Mr. Chaitanya Pande.