ICICI Prudential Fixed Maturity Plan- NFO closes on February 27

Posted By: Religare
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ICICI Prudential Fixed Maturity Plan- NFO closes on Feb 27
ICICI Prudential Mutual Fund launched a new close ended income scheme named "DWS Fixed Maturity Plan - Series 5 (DFMP - 5)", with maturity time of 367 days.

Investment Objective:
The asset allocation of scheme will be in such a way that the objective of the scheme to seek to generate regular returns will be met, through investments in a portfolio of fixed income securities/debt instruments.

Allocation of funds:
Hence, the scheme will allocate 90 to 100 per cent of assets in money market instruments, short term and medium term debt securities/ debt instruments and securitized debt and 0 to 10 per cent in central and state government securities.

Basic Details:
NFO Opens: February 22, 2012
NFO Closes: February 27, 2012
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend Payout option
Minimum Application Amount: Rs 5,000 and in multiples of Rs.10 thereafter
Benchmark: Crisil Short Term Bond Fund index
Exit Load: Nil
Fund Manager: Mr. Chaitanya Pande.


Story first published: Wednesday, February 22, 2012, 23:34 [IST]
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