ICICI Prudential MF unveils 368 days FMP; NFO closes Feb 14

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ICICI Prudential MF unveils 368 days FMP
ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 66 - 368 Days Plan B, a close ended debt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

The new issue which is open for subscription from 11 February will close on 14 February 2013.

Minimum application amount:  

Minimum application amount is Rs 5,000 & in multiples of Rs.10 thereafter. The minimum application amount applies to switch in transactions during New Fund Offer period also.

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. However, there can be no assurance that the investment objective of the Scheme will be realized.

Repurchase facility:

No redemption/repurchase of units shall be allowed prior to the maturity of this closeended Scheme. Investors wishing to exit may do so, only in demat mode, by selling the units through BSE Ltd. or any of the stock exchange(s) where the Scheme will be listed as the Trustee may decide from time to time.

Regular and Direct plans and the options thereunder will have a common portfolio.

Maturity proceeds to NRI investors:

NRI investors shall submit Foreign Inward Remittance Certificate (FIRC) along with Broker contract note of the respective broker through whom the transaction was effected, for releasing redemption proceeds on maturity

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Read more about: mutual funds, icici, fmp, nfo
Story first published: Friday, February 8, 2013, 15:21 [IST]
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