For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

ICICI Pru MF launches 1-year maturity plan

|

ICICI Pru MF launches 1-year maturity plan
ICICI Prudential Mutual Fund has launched a New Fund Offer (NFO), namely, ICICI Prudential Fixed Maturity Plan - Series 60 - 1 Year Plan D. It's a close-ended debt scheme.

Investment Objective:
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 20 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.

Fund Manager:
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.

Basic Details:
NFO Opens: November 14, 2011
NFO Closes: November 21, 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 Short Term Bond Fund Index
Listing: National Stock Exchange
Fund Manager: Chaitanya Pande

GoodReturns.in

Read more about: mutual funds nfo fmp invest icici
Story first published: Monday, November 7, 2011, 15:43 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X