ICICI Prudential MF Launches Seven Fixed Maturity Plan

Mutual Funds

oi-Sneha

By Sneha B K

Published: Saturday, March 17, 2012, 14:12 [IST]

ICICI Prudential Mutual Fund has launched seven new fund named as ICICI Prudential Fixed Maturity Plan of series 63. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit. The new issue opening and closing dates are as follows:

Important dates for the FMPs are:

ICICI Prudential Fixed Maturity Plan - Plan B : The NFO opens on March 13, 2012 and closes on March 19, 2012. Duration is 367 Days
ICICI Prudential Fixed Maturity Plan - Plan J: The NFO opens on March 19, 2012 and closes on March 21, 2012. Duration 376 Days.
ICICI Prudential Fixed Maturity Plan - Plan I: The NFO opens on March 16, 2012 and closes on March 19, 2012. Duration 378 Days.
ICICI Prudential Fixed Maturity Plan - Plan C :The NFO opens on March 20, 2012 and closes on March 26, 2012. Duration 376 Days.
ICICI Prudential Fixed Maturity Plan - Plan D :The NFO opens on March 20, 2012 and closes on March 27, 2012. Duration 370 Days.
ICICI Prudential Fixed Maturity Plan - Plan G : The NFO opens on March 21, 2012 and closes on March 26, 2012. Duration 1098 Days (3 Years).
ICICI Prudential Fixed Maturity Plan - Plan E : The NFO opens on March 27, 2012 and closes on March 29, 2012. Duration 367 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.

Allocation of funds:

ICICI Prudential Fixed Maturity Plan - Series 63 1 Year Plan B, ICICI Prudential Fixed Maturity Plan - Series 63 1 Year Plan C and ICICI Prudential Fixed Maturity Plan - Series 63 1 Year Plan E would allocate 100% of assets in central, state government securities, money market instruments, short term and medium term debt securities / debt instruments and securitized debt with low to medium risk profile.

ICICI Prudential Fixed Maturity Plan - Series 63 376 Days Plan J, ICICI Prudential Fixed Maturity Plan - Series 63 378 Days Plan I, ICICI Prudential Fixed Maturity Plan - Series 63 370 Days Plan D and ICICI Prudential Fixed Maturity Plan - Series 63 3 Years Plan G 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
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
Fund Manager: Mr. Chaitanya Pande.

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