ICICI Prudential MF unveils 420 days Fixed Maturity Plan

Mutual Funds

oi-Sneha

By Sneha B K

Published: Friday, February 1, 2013, 13:06 [IST]

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 66 - 420 Days Plan A, a close ended debt scheme.

The tenure of the scheme is 420 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit

The new issue which is open for subscription from 05 February will close on 06 February 2013.

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. However, there can be no assurance that the investment objective of the Scheme will be realized.

Minimum application amount:

Rs 5,000 & in multiples of Rs.10 thereafter. The minimum application amount applies to switch in transactions during New Fund Offer period also.

Options under the plan:

Direct Plan - Cumulative Option
Direct Plan - Dividend Option
Regular Plan - Cumulative Option
Regular Plan - Dividend Option

NRI investors:

NRI investors shall submit Foreign Inward Remittance Certificate (FIRC) along with Broker contract note of the respective broker through whom the transaction was effected, for releasing redemption proceeds on maturity. Redemption proceeds shall not be remitted until the aforesaid documents are submitted and the AMC/Mutual Fund/Registrar shall not be liable for any delay in paying redemption proceeds.

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
The scheme's performance will be benchmarked against Crisil Short Term Bond Fund Index.

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