ICICI Pru MF unveils Two Fixed Maturity Plan

Mutual Funds

oi-Sneha

By Sneha B K

Published: Tuesday, February 7, 2012, 14:00 [IST]

ICICI Prudential Mutual Fund has launched two new fund named as ICICI Prudential Fixed Maturity Plan-Series 61- 3 Year Plan F and ICICI Prudential Fixed Maturity Plan-Series 62-417 Days Plan D, close ended debt schemes. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit.

Important dates for the two FMPs are:

ICICI Prudential Fixed Maturity Plan-Series 61- 3 Year Plan F: The NFO opens on February 7, 2012 and closes on February 15, 2012. Duration is for 1105 Days.
ICICI Prudential Fixed Maturity Plan-Series 62-417 Days Plan D :The NFO opens on February 7, 2012 and closes on February 9, 2012.Duration is for 417 Days.

Investment Objective:
The investment objective of the schemes 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 schemes.

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

Allocation of funds:
The scheme's would allocate upto 100% of assets in short term and medium term debt securities / debt instruments and securitized debt with low to medium risk profile. Investment in securitized debt would be upto 50%.

Basic Details:
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Benchmark: Crisil Short Term Bond Fund Index.
Exit Load: Nil
Listing:BSE
Fund Manager:Mr. Chaitanya Pande.

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