ICICI Prudential MF Launches 367 Days Fixed Maturity Plan

Published: Friday, May 11, 2012, 12:41 [IST]

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 64 - 367 Days Plan D, a close ended debt scheme. The tenure of the scheme is 367 days.

Investment objective:
The investment objective of the scheme is to seek to generate income 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.

Allotment of investment:
The scheme will allocate upto 100% of assets in money market instruments with low tom medium risk profile. The scheme will not have any exposure to derivatives and securitized debt. Upto 100% of net assets would be invested in A1 rated certificate of deposits.

Basic Details:
NFO Price: Rs 10 per unit
NFO Opens: May 16, 2012
NFO Closes: May 21, 2012
Options: Cumulative and Dividend Payout
Benchmark: Crisil Short Term Bond Fund Index.
Listing: BSE
Minimum Application Amount: Rs 5000 and in multiples of Rs 10 thereafter.
Manager: Mr. Chaitanya Pande.

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Story first published: Friday, May 11, 2012, 12:41 [IST]

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