The tenure of the scheme is 1850 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 Plan under the Scheme is to seek to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the Plan under the scheme.
The fund targets to raise a minimum subscription of Rs 25 crore under the scheme during the NFO period.
Allocation of funds:
The scheme will allocate 71% to 100% of assets in debt securities & money market instruments with low to medium risk profile. On the flipside it would allocate upto 29% of assets in equity and equity related securities with medium to high 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: September 2, 2011
NFO Closes: September 15, 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 MIP Blended Index
Fund Manager: Chaitanya Pande