ICICI Prudential MF Launches 384 Days Fixed Maturity Plan

Mutual Funds

oi-Sneha

By Sneha B K

Published: Wednesday, March 7, 2012, 14:28 [IST]

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 63 - 384 Days - Plan A, a close ended debt scheme. The tenure of the scheme is 384 days.

Investment Objective:
The investment objective of 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 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 short term and medium term debt securities / debt instruments and securitized debt with low tom medium risk profile. The scheme will not invest in Central and State Government securities and money market instruments. Upto 100% of net assets would be invested in AAA rated non convertible debentures.

Basic Details:
NFO Opens: March 7, 2012
NFO Closes: March 13, 2012
NFO Price: Rs 10 per unit
Benchmark: Crisil Short Term Bond Fund Index.
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: Nil
Listing:BSE
Fund Manager:Mr. Chaitanya Pande.

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