The NFO opens on June 3, 2011 and closes on June 17, 2011.
The tenure of the scheme is 735 Days. The issue price offered for the scheme is Rs 10 per unit and the scheme is proposed to be listed on NSE.
Allotment of units will be completed within 5 working days from the closure of the NFO closing date.
The minimum application amount is Rs 5,000 and after that additional investment can be made of Rupee 1. Same will be applicable for switch-ins made during the NFO period as well.
The fund targets to collect a Rs 25 crore under the scheme during the NFO period.
The investors will be provided with the two options: Cumulative and Dividend. Dividend option offers the facility of dividend payout. Investor needs to choose any of the option while investing, if he is not specifying the same at the time of investing, it will be implied that investor has opted for Cumulative option.
The scheme will invest a portion in good quality debt securities and money market instruments and balance in equity and equity related securities. The prime objective of investment is to protect capital and provide capital appreciation. The underlying securities would mature on or before the maturity of the Plan under the scheme.
Allocation of funds:
The scheme will allocate upto 88% to 100% of assets in debt securities & money market instruments with low to medium risk profile. It would allocate balance upto 12% of assets in equity and equity related securities with medium to high risk profile.
Chaitanya Pande and Mrinal Singh will be the Fund Manager of this scheme.
The debt portion of the scheme will be managed by Chaitanya Pande, who is PGDBM from IMI, New Delhi and BSc from St. Stephens College, New Delhi. He has 15 years of overall work experience and currently holds the position of Manager - Fund Management with ICICI Prudential.
He manages a good number of schemes stating few as ICICI Prudential Liquid Plan, ICICI Floating Rate Plan, ICICI Prudential Banking and PSU Debt Fund, etc.
The equity portion will be managed by Mrinal Singh, who is BE (Mech) and PGDM from SPJIMR, Mumbai. He holds overall experience of 8 years of which 1 year as Equity Analyst. He manages few schemes such as ICICI Prudential Advisor Series, ICICI Prudential Discovery Fund, ICICI Prudential Technology Fund, etc.
NFO Opens: June 3, 2011
NFO Closes: June 17, 2011
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend
Minimum Application Amount: Rs 5,000 per application and additional Re. 1, thereafter
Exit Load: Nil
Benchmark: Crisil MIP Blended Index
Fund Manager: Chaitanya Pande and Mrinal Singh