ICICI Prudential MF Unveils 12- Months Capital Protection Oriented Fund

Mutual Funds

oi-Sneha

By Sneha B K

Published: Monday, April 9, 2012, 15:30 [IST]

ICICI Prudential Mutual Fund has unveiled a new fund named as ICICI Prudential Capital Protection Oriented Fund II - Series XI - 12 Months Plan, a close ended capital protection oriented fund. The tenure of the scheme is 373 Days.

Investment Objective:
The investment objective of the scheme is to seek to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature 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 93% to 100% of assets in debt securities & money market instruments with low to medium risk profile. On the flipside it would allocate upto 7% of assets in equity and equity related securities with medium to high risk profile.

Basic Details:
NFO Opens: April 10, 2012
NFO Closes: April 12, 2012
NFO Price: Rs 10 per unit
Benchmark: Crisil MIP Blended Index.
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Exit Load: NIL
Listing:BSE
Managers: Rajat Chandak and Chaitanya Pande

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