हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు

ICICI Prudential MF launches three year Fixed Maturity Plan

Posted by:
Published: Wednesday, July 18, 2012, 12:59 [IST]
 
Share this on your social network:
   Facebook Twitter Google+    Comments Mail

ICICI MF  launches Three Year FMP

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 63 3 Years Plan M, a close ended debt scheme. The tenure of the scheme is 1098 days.

Investment Objective:

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. Presently, two options are available under the scheme viz. cumulative and dividend option. Dividend Payout is the only facility available under dividend option. Cumulative option shall be default option under 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 to medium risk profile. Investment in securitized debt would be upto 50%.
40% to 45% of net assets would be invested in AAA rated non convertible debentures and 55% to 60% in AA rated non convertible debentures.

Entry load and exit load charge are not applicable for the scheme. The scheme is proposed to be listed on BSE.

Basic Details:

NFO Opens: July 18, 2012
NFO Closes: July 25, 2012
NFO: Rs 10 per unit
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: Crisil Short Term Bond Fund Index.
Manager: Mr. Chaitanya Pande.

GoodReturns.in

Topics: mutual funds, icici
Write Comments

Please read our comments policy before posting

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
Goodreturns iPad App
Goodreturns iPad App
Download GoodReturns iPad App and enjoy it. Learn more about Oneindia GoodReturns on the App Store.
Download Goodreturns iPad App