The tenure of the scheme is 1100 Days. The issue price offered for the scheme is Rs 10 per unit and the scheme is proposed to be listed on NSE.
The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments which mature on or before the date of maturity of the scheme.
The fund targets to raise a minimum subscription of Rs 5 crore under the scheme during the NFO period.
Allocation of funds:
The scheme will allocate upto 100% of assets in Central and State Government securities. It would further invest in money market instruments, short term and medium term debt securities / debt instruments and securitized debt with low to medium risk profile.
Chaitanya Pande will be the Fund Manager of this scheme.
Pande 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.
NFO Opens: August 24, 2011
NFO Closes: September 2, 2011
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5,000 per application and additional Rs. 10, thereafter
Exit Load: Nil
Benchmark: Crisil Composite Bond Fund Index
Fund Manager: Chaitanya Pande