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ICICI Prudential MF Launches Multiple Yield Fund - Series 2 - Plan D

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ICICI Pru MF Launches Multiple Yield Fund
ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Multiple Yield Fund - Series 2 - Plan D, a close ended income fund. The tenure of the plan is 1100 days. The New Fund Offer price for the scheme is Rs 10 per unit.

Investment Objective:
The primary objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments. The secondary objective of the scheme is to generate long term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments.

 

The fund seeks to collect a minimum subscription amount of Rs 20 crore during the NFO period.

Allocation of funds:
The scheme will allocate 65% to 100% of assets in short term and medium term debt securities / debt instruments and securitized debt with low to medium risk profile. It would allocate upto 10% of assets in money market instruments with low to medium risk profile. On the flip side it would allocate upto 35% of the asset in equity or equity related securities with medium to high risk profile.

Basic Details:
NFO Opens: January 19, 2012
NFO Closes: January 30, 2012
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: Nil
Listing:BSE
Benchmark: Crisil MIP Blended Index.
Fund Managers: Chaitanya Pande, Mr. Mrinal Singh and Rajat Chandak.

GoodReturns.in

Read more about: mutual funds icici nfo
Story first published: Friday, January 20, 2012, 12:49 [IST]
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