ICICI Prudential MF Unveils 1 Year Fixed Maturity Plan

Mutual Funds

oi-Sneha

By Sneha B K

Published: Saturday, December 24, 2011, 14:38 [IST]

ICICI Prudential Mutual Fund has unveiled a new fund named as ICICI Prudential Fixed Maturity Plan - Series 60 - 1 Year Plan J, a close ended debt fund. The tenure of the scheme is 367 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

Investment Objective:
The investment objective of the Plan under the Scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Plan under the Scheme.
The fund seeks to collect a minimum subscription amount 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.

Basic Details:
NFO Opens: December 22, 2011
NFO Closes: December 27, 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.
Fund Manager: Mr. Chaitanya Pande.

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